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Analysts Are Bullish on These Technology Stocks: Nextpower Inc (NXT), Applied Digital Corporation (APLD)

Tipranks - Tipranks - Wed Jun 10, 8:28AM CDT

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

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Nextpower Inc (NXT)

Northland Securities analyst Gus Richard reiterated a Buy rating on Nextpower Inc today and set a price target of $162.00. The company’s shares closed last Monday at $125.65.

According to TipRanks.com, Richard is a 5-star analyst with an average return of 28.8% and a 60.2% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, SolarEdge Technologies, and Power Integrations. ;'>

Nextpower Inc has an analyst consensus of Strong Buy, with a price target consensus of $154.47, a 14.0% upside from current levels. In a report issued on May 28, RBC Capital also maintained a Buy rating on the stock with a $149.00 price target.

See the top stocks recommended by analysts >>

Applied Digital Corporation (APLD)

In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Applied Digital Corporation, with a price target of $56.00. The company’s shares closed last Monday at $40.95.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 22.6% and a 47.5% success rate. Grondahl covers the Financial sector, focusing on stocks such as HIVE Digital Technologies, Abacus Global Management, and Medallion Financial. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Applied Digital Corporation with a $69.11 average price target, which is a 67.7% upside from current levels. In a report issued on May 28, Needham also maintained a Buy rating on the stock with a $66.00 price target.

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