Northland Securities analyst Michael Grondahl maintained a Buy rating on Applied Digital Corporation (APLD – Research Report) today and set a price target of $13.00. The company’s shares closed last Friday at $5.26.
According to TipRanks, Grondahl is a 5-star analyst with an average return of 10.1% and a 47.13% success rate. Grondahl covers the Financial sector, focusing on stocks such as Euronet Worldwide, International Money Express, and Encore Capital.
Applied Digital Corporation has an analyst consensus of Strong Buy, with a price target consensus of $15.50, which is a 194.68% upside from current levels. In a report released today, B.Riley Financial also maintained a Buy rating on the stock with a $16.00 price target.
The company has a one-year high of $11.62 and a one-year low of $1.45. Currently, Applied Digital Corporation has an average volume of 6.15M.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APLD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Applied Science Products, Inc. operates as a technology company, which engages in the development of patented technology such as tailored plasma gas chemistry for a wide range of applications. The company was founded in May 2001 and is headquartered in Lenoir City, TN.
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