APLD UBS initiated coverage of Applied Digital with a Buy rating and $38 price target. The platform has already demonstrated credibility across lease signings and delivery of AI data center capacity at scale, says the analyst, who sees new lease signing potential in the near-term through tenant expansion options that should also bring improved economics.
APLD UBS initiated coverage of Applied Digital with a Buy rating and $38 price target. The platform has already demonstrated credibility across lease signings and delivery of AI data center capacity at scale, says the analyst, who sees new lease signing potential in the near-term through tenant expansion options that s