Analysts Raise Applied Digital (APLD) Price Targets After Q2 Results

Core Insights - Applied Digital Corporation (NASDAQ:APLD) is recognized as one of the 15 AI stocks experiencing significant growth, with price targets being raised by analysts following positive Q2 earnings commentary [1][2][7] Group 1: Price Target Increases - Northland raised its price target on Applied Digital Corporation from $40 to $56 while maintaining an Outperform rating [1] - Craig-Hallum increased its price target from $39 to $40, also keeping a Buy rating, citing advanced discussions on three sites with a potential capacity of 900 megawatts (MW) [3] Group 2: Capacity Expansion Potential - The company is in advanced discussions for up to three sites totaling approximately 900 MW, with each site potentially expanding to 1 gigawatt (GW), which could lead to a total growth capacity of 5 GW over the next several years when combined with existing campuses [2][3] Group 3: Technology Investments - Applied Digital Corporation has made a $15 million investment in Corintis, a firm focused on developing liquid chip-cooling technology for AI applications, and has formed a partnership with Babcock & Wilcox Enterprises, Inc. [4] - The company specializes in designing, developing, and operating digital infrastructure for high-performance computing (HPC) and AI industries [4]