Fiscal First Quarter 2027 Financial Highlights
Revenues: $341.9 million, up 322% from the prior year comparable period
Net loss attributable to common stockholders: $221.0 million
Net loss attributable to common stockholders per basic and diluted share:$0.76
Adjusted revenue: $300.4 million
Adjusted net loss: $4.1 million
Adjusted net loss per diluted share: $0.01
Adjusted EBITDA: $64.4 million
Net Operating Income: $58.8 million
Northland Capital Markets maintained an "Outperform" rating on Applied Digital (NASDAQ: APLD) and raised its price target from $56.00 to $82.00.
The substantial price target increase reflects analyst Michael Grondahl's optimism regarding the company's growth prospects, particularly its ability to successfully source and construct data center sites for growing AI and hyperscaler power demands. [
This upgrade follows major financial developments for APLD, including a finalized 15-year lease at Delta Forge 2 and a $1.59 billion senior secured notes offering aimed at retiring existing bridge loans and accelerating data center construction. [1]
For further details and to track analyst insights, you can view the Applied Digital Analyst Insights on Yahoo Finance or read the full report on StreetInsider.
I have been steadfast in my opinion that APLD would hit and close above $65.00 by year end, Northland Capital published a significant increase in price target yesterday, I am pleased to see this, and doesn’t actually surprise me. We will see revenue growth quarterly while Wes continues to get leases signed. Is a triple digit share price out of the question 12/31/2027, probably not, and again, the DLR model is appealing to me, as my average share price is $10.10
Enjoy the weekend.