---
title: "Analysts see Applied Digital's AI data center growth on track"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301289686.md"
description: "Applied Digital (APLD) reported Q1 revenue of $341.9M, up 322.5% YoY, beating estimates despite a share price drop. Analysts remain constructive on its AI data center growth. Wells Fargo raised its price target to $55, citing on-track execution for 1.4GW capacity and expected new leases at higher rates. Needham noted the beat was modest, driven by one-time services. Craig-Hallum maintained a Buy rating with a $79 target, praising the company's standardized development approach and growing pipeline."
datetime: "2026-10-08T14:00:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301289686.md)
  - [en](https://longbridge.com/en/news/301289686.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301289686.md)
generator: "portal-rs"
---

# Analysts see Applied Digital's AI data center growth on track


### Related Stocks

- [APLD.US](https://longbridge.com/en/quote/APLD.US.md)
- [APLX.US](https://longbridge.com/en/quote/APLX.US.md)
- [APLZ.US](https://longbridge.com/en/quote/APLZ.US.md)

## Related News & Research

- [Applied Digital Grants Director Douglas S. Miller 14,450 Restricted Stock Units](https://longbridge.com/en/news/304643163.md)
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- [APLD CEO Sees 'Scarcity Value' Driving AI Data Center Lease Rates by Over 15% on 250MW Expansion](https://longbridge.com/en/news/301267751.md)
- [Applied Digital (NASDAQ:APLD) Issues Earnings Results, Beats Expectations By $0.29 EPS](https://longbridge.com/en/news/301185790.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**