Applied Digital reported Q4 earnings and revenue above expectations, highlighting its role as a major beneficiary of the AI-driven data center investment boom. The company's gross margin is improving due to a shift toward higher-margin data center lease revenues and full operation of its Polaris Forge campus. With a contracted backlog of $35.7 billion, potentially rising to $85.7 billion with lease extensions, Applied Digital has strong long-term growth visibility. Analysts recommend building a position after recent price corrections, citing secular capital expenditure trends and potential for stock revaluation.
Applied Digital's stock has fallen over 50% from its peak, currently trading at $23.85, while analysts' average price target is $65.37, implying a 174% upside. The company builds AI data center campuses and has $36 billion in contracted lease revenue...
Shares of data center builders Cipher Digital, TeraWulf, and Applied Digital dropped due to rising long-term Treasury yields, which increase the cost of financing their projects. Cipher Digital fell 6%, the largest decline among the group, reflecting...
Applied Digital Corporation is recommended as a buy due to strong demand and a substantial $36 billion contracted backlog. The company is executing over 600 MW of new capacity expected to come online within 12 months, with expansion leases driving hi...
Applied Digital reported a first-quarter revenue of $341.9 million, a 322% increase from the previous year, driven by strong demand for AI data center infrastructure. The company beat analyst expectations significantly, with adjusted earnings per sha...
Applied Digital reported a fiscal Q1 2027 earnings per share of -$0.01, beating estimates of -$0.30, with revenue soaring 322% year-over-year to $341.9 million. The company is expanding its AI data center capacity internationally, securing up to 1 gi...
