Jun. 22 at 5:24 PM
$APLD $APLX
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News headlines
Updated 12m ago
Applied Digital (APLD) has secured significant contracts and funding, positioning itself as a key player in the AI infrastructure space. With a robust growth trajectory and a
$36 billion lease revenue backlog, the company is attracting bullish sentiment from analysts despite challenges related to customer concentration and profitability.
Funding for Expansion: APLD secured
$1.59 billion through senior secured notes to fund a 150 MW expansion at Polaris Forge 1, replacing short-term debt with long-term financing.
Market Sentiment: With 11 of 13 analysts rating APLD a 'Strong Buy', the average target price is
$70.17, indicating a potential 52% upside.