Analysts provide updated coverage on WhiteFiber (WYFI) and Applied Digital (APLD), focusing on their respective AI infrastructure pivots and financial positioning.

Two analysts recently issued bullish outlooks for technology companies WhiteFiber, Inc. (WYFI) and Applied Digital Corporation (APLD), highlighting strong optimism within the sector.

In a report released today, Needham analyst John Todaro reiterated a Buy rating on WhiteFiber, Inc., setting a price target of $41.00. The stock closed at $30.71 last Monday. According to TipRanks.com, Todaro holds a five-star rating, boasting an average return of 55.1% and a 55.7% success rate. He primarily covers the financial sector, with a focus on equities such as Coinbase Global, Riot Platforms, and MARA Holdings.

WhiteFiber currently carries a Strong Buy consensus among analysts, with a collective price target of $40.14, implying a 33.8% upside from recent trading levels. Additionally, Cantor Fitzgerald upgraded the stock to Buy in a report issued on August 13, assigning a $36.00 price target.

Meanwhile, Northland Securities analyst Michael Grondahl maintained a Buy rating on Applied Digital Corporation today, establishing a price target of $82.00. The company’s shares closed at $30.97 last Monday. TipRanks.com rates Grondahl as a five-star analyst, citing an average return of 22.6% and a 49.3% success rate. His coverage spans the financial sector, emphasizing stocks like HIVE Digital Technologies, Abacus Global Management, and Medallion Financial.

Applied Digital also commands a Strong Buy consensus, with a combined analyst price target of $72.56, representing a 132.7% potential upside. On August 3, B. Riley Securities maintained its Buy rating on the stock, setting a $75.00 price target.