Applied Digital (APLD) Just Secured Another Major Lease; What It Means for Its A

With market capitalization of $13.31 billion, Applied Digital Corporation (NASDAQ:APLD) is among the 10 Stocks That Could Double Over the Next 2 Years.

On June 9, Craig-Hallum raised its price target on Applied Digital Corporation (NASDAQ:APLD) to $79 from $75 while maintaining a Buy rating following the company's announcement of another major lease agreement with a U.S.-based investment-grade hyperscale customer. The firm stated that it continues to be impressed by Applied Digital's ability to generate recurring demand for its infrastructure assets, noting that the company has now secured five large leases and approximately 1.4 gigawatts of contracted capacity. Craig-Hallum believes the latest agreement further validates management's strategy of developing high-capacity data center infrastructure tailored to the needs of hyperscale customers operating in artificial intelligence and cloud computing markets.

Earlier the same day, Lake Street increased its price target on Applied Digital Corporation (NASDAQ:APLD) to $90 from $70 and reiterated a Buy rating on the shares. According to the firm, the company's third contract with a U.S.-based hyperscaler is expected to contribute appr

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/applied-digital-apld-just-secured-013536466.html)