Movement Alert｜APPLIED DIGITAL CORP Rises 5.4% in Regular Trading, B. Riley Raises Target Price to $75 Amid AI Infrastructure Sector Strength

Market Focus

Aug 03

On August 3, APPLIED DIGITAL CORP rose 5.4% in regular trading, trading at $28.97/share, with turnover of $142 million.

On the news front, B. Riley raised its price target on APPLIED DIGITAL CORP from $66 to $75 while maintaining a Buy rating. The analyst consensus mean target now stands at $74.12, implying significant upside from current levels. Simultaneously, the AI infrastructure sector rallied broadly, with peer CoreWeave surging 10.19%, driving notable sector linkage effects.

The upgrade comes on the heels of a strong Q4 earnings report in which adjusted EPS of $0.04 dramatically beat the consensus estimate of -$0.22. Full fiscal year revenue reached $611.3 million, representing 167% year-over-year growth. The company also completed a $2.15 billion senior secured notes offering and signed $5.2 billion in hyperscale leases, reinforcing its fundamental momentum. Additionally, an unnamed investment-grade hyperscaler customer reportedly helped lower the company's borrowing costs, further supporting its AI data center expansion economics.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Riley Raises Target Price to $75 Amid AI Infrastructure Sector Strength\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-08-03 22:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On August 3, APPLIED DIGITAL CORP rose 5.4% in regular trading, trading at $28.97/share, with turnover of $142 million.</p><p>On the news front, B. Riley raised its price target on APPLIED DIGITAL CORP from $66 to $75 while maintaining a Buy rating. The analyst consensus mean target now stands at $74.12, implying significant upside from current levels. 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