(Nasdaq: APLD) Applied Blockchain Inc. Shares Up 10% prior to 22nd Annual Investor Conference

Applied Blockchain (NAS: APLD) started at buy with $10 stock price target at B. Riley. Wes Cummins, CEO and Chairman, and Virginia Moore, Director, bought the dip and added to their respective positions. Applied Blockchain is adding to yesterday’s gains, at $3.22, +0.13 (+4.21%), in premarket trading.

In a report released today, John Todaro from Needham reiterated a Buy rating on Applied Science Products, with a price target of $5.50. The company’s shares closed last Friday at $1.77, equals to its 52-week low of $1.77.

According to TipRanks.com, Todaro is ranked #7658 out of 7855 analysts.

Currently, the analyst consensus on Applied Science Products is a Strong Buy with an average price target of $8.25, which is a 376.9% upside from current levels. In a report issued on May 9, Northland Securities also initiated coverage with a Buy rating on the stock with a $7.50 price target.


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