Applied Digital Surges After Wells Fargo Names Stock a Top Pick With $50 Price Target
Applied Digital is rising Thursday afternoon as a broader equity market rebound propelled AI infrastructure and digital hosting providers.
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Applied Digital shares are trading higher after Wells Fargo initiated coverage on the stock with an Overweight rating and announced a $50 price target.
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Why Is Applied Digital Stock Surging Thursday?
Applied Digital (APLD) rose nearly 6% premarket after Wells Fargo initiated coverage with an Overweight rating and $50 target.