On October 15, APPLIED DIGITAL CORP fell 5.23% in Regular Trading, trading at $18.92/share, with turnover of $100 million.

The move came as the stock remained under pressure after its recent quarterly report, even though results beat expectations, while Wall Street price targets turned more mixed.

Recent disclosures showed fiscal first-quarter revenue of $341.9 million, up 322% year over year, and an adjusted loss of $0.01 per share, far better than consensus expectations. After the report, Wells Fargo raised its target price to $55 and kept an overweight rating, while Needham cut its target to $70 from $83, reflecting an ongoing debate over the pace of financing and capacity expansion despite strong AI data center growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)