Key facts: Applied Digital revenue soars to $126.6M; shares up 12.9%; price target raised to $53
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Applied Digital Corp. reported $126.6 million in revenue for the three and six months ending November 30, 2025, up from $36.2 million during the same period last year.1Applied Digital (APLD) shares rose 12.9% after Q2 results showed revenue nearly doubled to $126.6 million, boosted by high-performance computing and $85 million from a key AI client.2B. Riley Securities has raised the price target for Applied Digital (APLD) to $53.00 per share, an increase from the previous target of $47.00, while maintaining a 'Buy' rating.3
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