Applied Digital’s (APLD) Buy Rating Reiterated at Needham & Company LLC

Applied Digital (NASDAQ:APLD)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $83.00 price target on the stock. Needham & Company LLC’s price target suggests a potential upside of 214.63% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Citizens Jmp upped their target price on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 21st. Lake Street Capital lifted their price target on shares of Applied Digital from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a report on Tuesday, July 21st. Lucid Cap Mkts raised Applied Digital to a “strong-buy” rating in a research report on Wednesday, May 27th. Finally, Compass Point restated a “buy” rating and issued a $70.00 price target on shares of Applied Digital in a research note on Friday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.15.

Applied Digital Stock Down 3.0%

Shares of NASDAQ:APLD opened at $26.38 on Tuesday. Applied Digital has a 52-week low of $9.79 and a 52-week high of $50.72. The firm has a market capitalization of $7.54 billion, a P/E ratio of -35.65 and a beta of 5.67. The stock has a 50 day moving average price of $38.54 and a 200-day moving average price of $34.54. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.38 and a current ratio of 2.38.

Applied Digital (NASDAQ:APLD) last released its quarterly earnings results on Monday, July 27th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.30). The firm had revenue of $240.35 million for the quarter, compared to the consensus estimate of $96.85 million. Applied Digital had a negative net margin of 52.84% and a negative return on equity of 15.91%. The company’s revenue for the quarter was up 406.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. As a group, equities research analysts anticipate that Applied Digital will post -0.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Applied Digital news, Director Richard N. Nottenburg sold 12,500 shares of Applied Digital stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $34.59, for a total value of $432,375.00. Following the completion of the transaction, the director directly owned 208,378 shares of the company’s stock, valued at approximately $7,207,795.02. The trade was a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

Institutional investors have recently made changes to their positions in the company. ProCore Advisors LLC bought a new stake in shares of Applied Digital during the second quarter valued at approximately $286,000. Clear Creek Financial Management LLC boosted its stake in Applied Digital by 4.1% during the 2nd quarter. Clear Creek Financial Management LLC now owns 66,575 shares of the company’s stock valued at $2,483,000 after purchasing an additional 2,648 shares during the last quarter. Clare Market Investments LLC bought a new stake in shares of Applied Digital in the 2nd quarter worth $286,000. Krilogy Financial LLC increased its holdings in shares of Applied Digital by 4.1% in the 2nd quarter. Krilogy Financial LLC now owns 14,243 shares of the company’s stock worth $531,000 after purchasing an additional 561 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Applied Digital by 39.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 146,633 shares of the company’s stock worth $5,469,000 after purchasing an additional 41,562 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

More Applied Digital News

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

• Positive Sentiment: Fiscal Q4 revenue rose approximately 406% year over year to $240.4 million, substantially exceeding the roughly $96.9 million analyst consensus. The growth reflects strong demand for Applied Digital’s high-performance computing and AI data centers. Applied Digital Reports Fiscal Fourth Quarter and Full Year 2026 Results
• Positive Sentiment: Management said it has secured three long-term hyperscaler leases worth approximately $20 billion, with contracted AI data-center capacity reaching 1.4 gigawatts across five campuses. This provides significant future revenue visibility and supports the company’s AI infrastructure growth strategy. Applied Digital Corporation Stock Rebounds as Revenue Soars and AI Data Center Expansion Accelerates
• Positive Sentiment: The company reported progress at its Polaris Forge 1 HPC campus and expanded financing, including new notes and a larger credit facility, to fund additional data-center construction. Investors viewed the financing and customer commitments as evidence of continued operating momentum. Applied Digital Q4 2026 Earnings Call Transcript
• Neutral Sentiment: Coverage emphasized that Applied Digital’s results are being driven by a rapidly expanding AI data-center market and an expanding client base, including CoreWeave. The stock’s high beta and substantial recent volatility may continue to amplify reactions to earnings and financing news. Applied Digital Beats Quarterly Revenue Estimates on Surging AI Infrastructure Demand
• Negative Sentiment: Despite the revenue beat, fiscal Q4 adjusted earnings were a loss of $0.39 per share, missing the $0.09 loss expected by analysts. Applied Digital also continues to report a negative net margin and negative return on equity, underscoring the costs and execution risks associated with its expansion. Applied Digital Quarterly Earnings Report
• Negative Sentiment: The company’s reliance on debt and additional financing to build campuses leaves investors exposed to higher interest costs, dilution or execution risk if AI tenants delay deployments. This weak profitability and balance-sheet concern partly offset the strong backlog and revenue growth.

Applied Digital Company Profile

Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.