---
title: "These Analysts Revise Their Forecasts On Applied Digital Following Q1 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301302435.md"
description: "Applied Digital reported Q1 revenue of $300.4M, beating estimates, with an adjusted loss of 1 cent per share. Despite the strong results, shares fell 1.4%. Analysts revised forecasts: Needham cut its price target to $70, while Wells Fargo raised it to $55."
datetime: "2026-10-08T15:59:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301302435.md)
  - [en](https://longbridge.com/en/news/301302435.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301302435.md)
generator: "portal-rs"
---

# These Analysts Revise Their Forecasts On Applied Digital Following Q1 Results

**Applied Digital Corp** (NASDAQ:APLD) on Wednesday posted better-than-expected financial results for the first quarter.

Applied Digital reported first-quarter revenue of $300.39 million, beating analyst estimates of $132.16 million, according to Benzinga Pro. The digital infrastructure provider reported an adjusted loss of one cent per share for the quarter, beating estimates for a loss of 30 cents per share.

"Our goal is to establish Applied Digital as the category leader in the design, construction, deployment and operation of purpose-built AI factories," said Wes Cummins, chairman and CEO of Applied Digital.

Applied Digital shares fell 1.4% to trade at $23.47 on Thursday.

These analysts made changes to their price targets on Applied Digital following earnings announcement.

-   Needham analyst John Todaro maintained the stock with a Buy and cut the price target from $83 to $70.
-   Wells Fargo analyst Eric Luebchow maintained the stock with an Overweight rating and raised the price target from $50 to $55.

**Considering buying APLD stock? Here’s what analysts think:**

*Photo via Shutterstock*

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