Applied Digital stock edges up ahead of earnings as new analyst targets reach $99
Applied Digital shares rose about 2% Wednesday morning ahead of quarterly results due after the bell. Freedom Capital and Arete initiated coverage with Buy ratings and price targets of $36 and $99, respectively. Investors await updates on AI data-center leasing and the planned ChronoScale cloud spin-out. Analysts expect quarterly revenue of $90.5 million and a loss of $0.11 per share.