Applied Digital Corporation (NASDAQ:APLD) is one of the hot tech stocks to invest in. On January 7, Arete Research began covering Applied Digital with a Buy rating and a price target of $99. A day before that, Freedom Capital initiated coverage of Applied Digital with a Buy rating and $36 price target. The firm projected that the company’s adjusted EBITDA margin will surpass 60% within two fiscal years. This outlook is driven by the Polaris Forge 1 and 2 projects (representing the firm’s initial 700 MW of ...