Research Analysts’ Weekly Ratings Changes for Applied Digital (APLD)

Several brokerages have updated their recommendations and price targets on shares of Applied Digital (NASDAQ: APLD) in the last few weeks:

• 5/27/2026 – Applied Digital had its “buy” rating reaffirmed by B. Riley Financial, Inc.. They now have a $66.00 price target on the stock, up from $53.00.
• 5/27/2026 – Applied Digital was upgraded by Lucid Cap Mkts to “strong-buy”.
• 5/22/2026 – Applied Digital had its “buy” rating reaffirmed by Compass Point. They now have a $70.00 price target on the stock.
• 5/21/2026 – Applied Digital had its “buy” rating reaffirmed by Lake Street Capital. They now have a $70.00 price target on the stock, up from $55.00.
• 5/21/2026 – Applied Digital had its “outperform” rating reaffirmed by Citigroup Inc..
• 5/21/2026 – Applied Digital had its price target raised by Citizens Jmp from $40.00 to $60.00. They now have a “market outperform” rating on the stock.
• 5/21/2026 – Applied Digital had its price target raised by Needham & Company LLC from $51.00 to $66.00. They now have a “buy” rating on the stock.
• 5/15/2026 – Applied Digital had its price target raised by Needham & Company LLC to $51.00. They now have a “buy” rating on the stock.
• 5/7/2026 – Applied Digital was upgraded by Zacks Research from “strong sell” to “hold”.
• 4/24/2026 – Applied Digital had its “sell (d-)” rating reaffirmed by Weiss Ratings.
• 4/24/2026 – Applied Digital had its price target raised by Needham & Company LLC to $48.00. They now have a “buy” rating on the stock.
• 4/23/2026 – Applied Digital had its “buy” rating reaffirmed by Roth Mkm. They now have a $65.00 price target on the stock.
• 4/11/2026 – Applied Digital was downgraded by Wall Street Zen from “hold” to “sell”.
• 4/9/2026 – Applied Digital had its “market outperform” rating reaffirmed by Citizens Jmp. They now have a $40.00 price target on the stock.
• 4/8/2026 – Applied Digital was downgraded by Zacks Research from “hold” to “strong sell”.

Insider Activity at Applied Digital

In related news, Director Richard N. Nottenburg sold 12,500 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $34.59, for a total transaction of $432,375.00. Following the completion of the sale, the director directly owned 208,378 shares of the company’s stock, valued at $7,207,795.02. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas S. Miller sold 10,000 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $34.98, for a total value of $349,800.00. Following the sale, the director directly owned 184,859 shares of the company’s stock, valued at approximately $6,466,367.82. This represents a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,000 shares of company stock valued at $1,182,175 over the last three months. Corporate insiders own 9.50% of the company’s stock.

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.