Applied Digital Analysts Boost Their Forecasts Following Upbeat Earnings
1. Applied Digital exceeded Q1 revenue estimates at $64.22 million. 2. Adjusted loss per share of three cents outperformed expectations of thirteen cents. 3. Analysts raised price targets significantly after the earnings report. 4. CEO highlights strong market potential with $350 billion AI investment expected. 5. Shares surged 19.3% following positive earnings announcement.