Applied Digital (APLD) Stock News

Wells Fargo increased its price target for Applied Digital from $50.00 to $55.00 per share.

Freedom Capital Markets maintained its price target for Applied Digital.

Needham lowered its price target for Applied Digital.

Revenue surged on HPC hosting growth. Adjusted EBITDA $64.4M. Signed 210 MW hyperscaler lease. Delivered 75 MW phase at Polaris Forge 1. Closed $1.59B notes. Subsequent: second 75 MW phase, 1 GW Finland potential, 1,200 MW PPA.

Applied Digital reported a wider loss from continuing operations of $221 million in its fiscal first quarter, but revenue more than quadrupled to $341.9 million, beating analyst expectations. Adjusted loss of 1 cent per share was narrower than the 29-cent loss analysts expected. Shares rose 2.1% in after-hours trading.

Applied Digital Plans AI Campus in Finland, First International Project.

Applied Digital (APLD) announced an agreement to secure up to 1 GW of potential power capacity in Finland. The company plans to build a large-scale AI Factory campus, with initial power available in 2028. This is the company's first international development, but U.S. pipeline remains the primary focus.

UBS started coverage of Applied Digital with a Buy rating. UBS initiated coverage on the data-center and AI infrastructure company with a Buy recommendation. The move adds a high-profile endorsement to the stock, which has been volatile amid the broader AI build-out narrative. The buy-side significance: Analyst initiations from major banks can drive institutional interest and narrow the information gap for investors tracking Applied Digital's expansion in high-performance computing capacity. The stock may see increased volume as traders adjust to the new rating. What to watch next: Whether other major banks follow with their own initiations or whether Applied Digital reports any operational milestones, such as signed colocation agreements or power procurement updates, that reinforce the bullish thesis.

UBS initiated Applied Digital (APLD) coverage with a Buy rating and $38 price target on September 23, 2026.