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Analysts Offer Insights on Technology Companies: WhiteFiber, Inc. (WYFI) and Applied Digital Corporation (APLD)

Tipranks - Tipranks - Tue Aug 18, 10:32AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on WhiteFiber, Inc. (WYFI) and Applied Digital Corporation (APLD) with bullish sentiments.

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WhiteFiber, Inc. (WYFI)

In a report released today, John Todaro from Needham maintained a Buy rating on WhiteFiber, Inc., with a price target of $41.00. The company’s shares closed last Monday at $30.71.

According to TipRanks.com, Todaro is a 5-star analyst with an average return of 55.1% and a 55.7% success rate. Todaro covers the Financial sector, focusing on stocks such as Coinbase Global, Riot Platforms, and MARA Holdings. ;'>

WhiteFiber, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $40.14, a 33.8% upside from current levels. In a report issued on August 13, Cantor Fitzgerald also upgraded the stock to Buy with a $36.00 price target.

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Applied Digital Corporation (APLD)

Northland Securities analyst Michael Grondahl maintained a Buy rating on Applied Digital Corporation today and set a price target of $82.00. The company’s shares closed last Monday at $30.97.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 22.6% and a 49.3% success rate. Grondahl covers the Financial sector, focusing on stocks such as HIVE Digital Technologies, Abacus Global Management, and Medallion Financial. ;'>

Applied Digital Corporation has an analyst consensus of Strong Buy, with a price target consensus of $72.56, representing a 132.7% upside. In a report issued on August 3, B. Riley Securities also maintained a Buy rating on the stock with a $75.00 price target.

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