Roth Capital analyst Darren Aftahi raised the firm's price target on Applied Digital to $65 from $58 and keeps a Buy rating on the shares after the company announced it has entered into a lease agreement with a new U.S. based hyperscaler at its 430 MW AI Factory campus, Delta Forge 1, that represents approximately $7.5B in total contracted value over an estimated 15-year lease term. This is "the catalyst we flagged in our preview and post-earnings note, and it arrived," says the analyst, who also believes it "may be one of several catalysts" in 2026.
