Applied Digital Shares Tank Almost 40% On 3Q, Why This Analyst Remains Bullish
Shares of Applied Digital Corp APLD tanked in early trading after the company reported disappointing earnings for its fiscal third quarter.The company provided visibility into 200 megawatts (MW) coming online in 2026, versus expectations of 100 MW, according to Needham. The Applied Digital Analyst: Analyst John Todaro reiterated a buy and reduced the price target from 10.The Applied Digital Thesis: The company reported softer-than-expected fiscal third-quarter results due to a technical difficulty w ...