Lake Street Capital started coverage on shares of Applied Blockchain (OTCMKTS:APLD – Get Rating) in a research report issued on Monday, The Fly reports. The brokerage set a “buy” rating and a $10.00 price target on the stock. Lake Street Capital’s price objective indicates a potential upside of 182.49% from the stock’s current price.
Several other research firms have also issued reports on APLD. Northland Securities started coverage on shares of Applied Blockchain in a research report on Monday. They set an “outperform” rating and a $7.50 price target for the company. Needham & Company LLC started coverage on shares of Applied Blockchain in a report on Monday. They set a “buy” rating and a $5.50 target price for the company. Finally, B. Riley started coverage on shares of Applied Blockchain in a report on Monday. They set a “buy” rating and a $10.00 target price for the company.
OTCMKTS APLD opened at $3.54 on Monday. The company has a 50-day simple moving average of $10.45 and a two-hundred day simple moving average of $17.00. Applied Blockchain has a 12-month low of $2.76 and a 12-month high of $34.20.
Applied Blockchain Company Profile (Get Rating)
Applied Blockchain, Inc engages in crypto mining and co-hosting operations. The company was formerly known as Applied Science Products, Inc and changed its name to Applied Blockchain, Inc in April 2021. The company is based in Dallas, Texas.
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