Applied Digital Corporation (NASDAQ:APLD) Stock Has Average Target Price of $60.88 According to Brokerages

Applied Digital Corporation (NASDAQ:APLD) has received an average rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, twelve have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $62.25.

Several research firms have recently weighed in on APLD. Zacks Research cut Applied Digital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. Morgan Stanley set a $41.00 target price on shares of Applied Digital in a research report on Friday. UBS Group reaffirmed a “buy” rating on shares of Applied Digital in a research report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Applied Digital in a research note on Tuesday, July 21st. Finally, Citigroup reissued a “market outperform” rating on shares of Applied Digital in a report on Thursday.

Applied Digital Stock Performance

APLD opened at $23.68 on Monday. The firm has a market capitalization of $7.16 billion, a P/E ratio of -14.44 and a beta of 5.99. The stock’s 50 day moving average price is $27.00 and its two-hundred day moving average price is $32.50. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 3.90. Applied Digital has a 12-month low of $19.00 and a 12-month high of $50.72.

Applied Digital (NASDAQ:APLD) last issued its quarterly earnings results on Wednesday, October 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.29. Applied Digital had a negative return on equity of 27.21% and a negative net margin of 51.28%. The company had revenue of $300.39 million for the quarter, compared to the consensus estimate of $116.29 million. During the same period in the previous year, the business posted ($0.03) EPS. The company’s revenue for the quarter was up 367.8% on a year-over-year basis. On average, equities analysts forecast that Applied Digital will post -1.09 earnings per share for the current year.

Applied Digital News Roundup

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: Revenue and earnings substantially exceeded expectations. Fiscal Q1 2027 revenue jumped 322% year over year to $341.9 million, while the adjusted loss of $0.01 per share was far narrower than analysts’ expected loss. Adjusted EBITDA reached $64.4 million, supporting the view that rising data-center utilization can improve operating leverage. APLD Q3 Deep Dive: AI Data Center Growth and Strategic Campus Expansion Highlight Quarter
• Positive Sentiment: Large capacity expansion could drive future recurring revenue. Management expects to bring more than 600 megawatts online over the next 12 months, while its contracted buildout is approximately 1.4 gigawatts. Analysts cited premium leases, AI demand and potential additional financing or leasing activity as catalysts. Applied Digital: More Than 600MW Could Drive The Next Leg Of Growth
• Positive Sentiment: Finland broadens the company’s power and geographic footprint. Applied Digital secured access to as much as 1 gigawatt of power capacity in Finland for a planned AI Factory campus. The Nordic region’s stable grids, available power and less-congested permitting environment could help the company serve hyperscale AI customers. What Is Applied Digital Signaling With Its First Finland AI Factory Move?
• Positive Sentiment: Analysts remain broadly optimistic. Needham maintained a Buy rating while lowering its target to $70 from $83, and other bullish commentary has pointed to targets near $65-$70, implying significant upside if Applied Digital executes its expansion plans. Applied Digital’s Hidden Moat Could Unlock Massive Upside
• Neutral Sentiment: Unusual options activity and a reported short-interest figure of zero shares may indicate changing positioning, but the short-interest data appears inconsistent and should be treated cautiously.
• Negative Sentiment: Profitability and funding remain concerns. Higher operating costs, interest expense and fair-value losses widened the GAAP loss. With a debt-to-equity ratio of 2.88, investors remain focused on the cost and availability of financing needed to complete the contracted buildout. Applied Digital Q1 Earnings Miss on Higher Costs, Revenues Beat
• Negative Sentiment: Higher Treasury yields have pressured financing-dependent AI and data-center stocks, while analysts continue to debate construction execution, competition and whether strong contracted revenue will convert into cash flow.

Insider Transactions at Applied Digital

In other news, Director Richard Nottenburg sold 75,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $31.15, for a total transaction of $2,336,250.00. Following the transaction, the director owned 133,378 shares in the company, valued at approximately $4,154,724.70. The trade was a 35.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in APLD. Osbon Capital Management LLC acquired a new position in Applied Digital in the 4th quarter valued at approximately $28,000. Bartlett & CO. Wealth Management LLC lifted its position in shares of Applied Digital by 244.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,205 shares of the company’s stock worth $29,000 after acquiring an additional 855 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Applied Digital during the 2nd quarter worth approximately $37,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Applied Digital during the 4th quarter worth approximately $49,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Applied Digital during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

Applied Digital Company Profile

Applied Digital Corporation (NASDAQ: APLD) develops and operates digital infrastructure designed to support high-performance computing, artificial intelligence and other data-intensive applications. The company provides data-center capacity and related services to customers that require substantial computing power and electricity.

The company’s business has included hosting infrastructure for cryptocurrency-mining operations and, increasingly, developing facilities for artificial intelligence and high-performance computing workloads.