Morgan Stanley maintains Applied Digital at Equal-Weight, lowers price target to $25 from $41

What happened

Morgan Stanley kept its Equal-Weight rating on Applied Digital, meaning it expects performance broadly in line with the market, and cut its price target to $25 from $41. The new target is 39.0% lower and implies 60.8% upside from the November 6 closing price of $15.55.

Confirmed

Global impact / market context

The lower target signals that Morgan Stanley sees less potential value in Applied Digital than before, although its rating stayed unchanged. If investors use the target to guide decisions, this reassessment could affect demand for the shares and the company’s ability to raise money through stock sales.

Analyst inference

The supplied article lists three recent analyst targets, ranging from $35 to $51, while Morgan Stanley’s new $25 target is below that range. This shows a more cautious view from Morgan Stanley, but the article gives no company results or reasons for the reduction.

Confirmed

What to watch

1. Watch for Morgan Stanley’s next Applied Digital rating or target update, since the article reports a cut to $25 but gives no reason for the change. Analyst inference
2. Compare any new Applied Digital analyst targets with the article’s recent $35–$51 range to see whether the reported gap between targets persists. Analyst inference
3. Watch for further analyst actions on Applied Digital, because the article lists differing targets from Morgan Stanley, Roth Capital, and B. Riley Securities. Analyst inference

Evidence

• Original source link unavailable