Craig-Hallum Sticks to Their Buy Rating for Applied Digital Corporation (APLD)

Craig-Hallum analyst George Sutton reiterated a Buy rating on Applied Digital Corporation today and set a price target of $37.00. The company’s shares closed yesterday at $29.29.

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Sutton covers the Technology sector, focusing on stocks such as Applied Digital Corporation, DeFi Development Corporation, and WhiteFiber, Inc.. According to TipRanks, Sutton has an average return of 28.8% and a 55.85% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Applied Digital Corporation with a $33.28 average price target, which is a 13.62% upside from current levels. In a report released today, Compass Point also reiterated a Buy rating on the stock with a $45.00 price target.

The company has a one-year high of $29.98 and a one-year low of $3.31. Currently, Applied Digital Corporation has an average volume of 30.79M.

Based on the recent corporate insider activity of 40 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. Last month, Richard Nottenburg, a Director at APLD sold 20,000.00 shares for a total of $305,200.00.