UBS initiates Applied Digital at Buy with $38 price target, citing AI infrastructure momentum
UBS analyst John Hodulik has initiated coverage of Applied Digital Corporation (NASDAQ: APLD) with a Buy rating and a $38 price target, addi
UBS analyst John Hodulik has initiated coverage of Applied Digital Corporation (NASDAQ: APLD) with a Buy rating and a $38 price target, adding another bullish voice to a growing chorus of Wall Street support for the AI infrastructure play. The initiation places UBS on the conservative end of the analyst spectrum.
The broader consensus among roughly 15 to 20 covering firms skews toward Moderate Buy or Strong Buy, with average price targets venturing above $60, well north of Hodulik’s figure. Revenue growth that demands a double take Applied Digital’s recent financial results explain why analysts keep lining up.
First reported by Crypto Briefing.
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