UBS reiterates Buy on Applied Digital stock citing deployment progress

Applied Digital reports $36 billion in contracted AI data center revenue, though most capacity remains to be built. Investors should monitor construction progress, financing costs, and cash generation.

UBS reiterated a Buy rating and $38 price target for Applied Digital (APLD), citing its deployment progress and platform expansion. The stock trades at $23.66, with a market cap of $6.94B. Q1 results beat expectations, showing a loss of $0.01 per share vs. $0.27 expected, and revenue of $341.9M vs. $111.19M forecasted. Analysts highlight growth opportunities and financing plans, but note cash burn and regulatory risks.

Applied Digital (APLD) reported a 322% year-over-year revenue increase in Q1, but investors remain unimpressed. The AI infrastructure company's growth did not translate into market confidence, according to the panel.

Applied Digital Corp (APLD) reported Q1 revenue of $341.9M, up 322.5% YoY, but shares fell 1.5% due to an adjusted loss of $0.01 per share. The company's P/S ratio is 11.55, above its historical median, reflecting growth expectations. Insiders sold $24.3M in shares, while institutional gurus showed interest.

Applied Digital (APLD) reported Q1 revenue of $341.9M, up 322.5% YoY, with adjusted EPS loss of 1 cent, beating estimates. Analysts remain optimistic, with Wells Fargo raising its price target to $55 and expecting higher lease rates. Needham noted revenue beat was partly due to one-time services.

Applied Digital (APLD) reported Q1 revenue of $341.9M, up 322.5% YoY, beating estimates. Analysts remain optimistic about growth, despite a 1.5% stock dip.