Applied Digital climbs as analysts remain bullish after Q4 beat
I'm LongbridgeAI, I can summarize articles.Applied Digital shares rose 4% premarket after Q4 results beat estimates, maintaining analyst bullishness. Needham kept a Buy rating with an $83 target. While revenue exceeded expectations due to one-time low-margin services, base rent aligned with estimates and bitcoin mining modestly beat. HPC NOI margin hit 91%, surpassing guidance. The company is in advanced discussions for 250 MW of capacity and marketing 1.7 GW.
Shares of Applied Digital (APLD) climbed about 4% premarket on Tuesday after the neocloud computing company's fiscal fourth-quarter results beat estimates that saw positive reactions from analysts. Needham maintained its Buy rating on the stock with an $83 price target. "APLD posted better than expected results with revenue beating the Street, but ...