10 Firms Shine Amid Wall Street’s Lackluster Trading

6. Applied Digital Corp. (NASDAQ:APLD)

Applied Digital (APLD) grew for a second day on Thursday, ending the day up by 7.29 percent at $8.98 each after earning a price target upgrade from investment research firms.

In a recent report, analysts at HC Wainwright increased their price targets for Applied Digital to $12 from $10 previously, while maintaining a “buy” rating on the stock.

Analysts said their recent upgrade was based on the “pivotal” financing deal with Macquarie Asset Management while reporting better earnings performance, having narrowed its losses by 60 percent to only 6 cents loss per share for the second quarter versus the 15 cents loss per share reported in the first quarter.

The optimistic outlook for the company was further buoyed after Lake Street Capital Markets maintained its “buy” rating and $11 price target for the company, citing the firm’s second-quarter performance that beat analyst expectations.