Applied Digital Corporation (NASDAQ:APLD) Given Average Rating of “Buy” by Brokerages

Applied Digital Corporation (NASDAQ:APLD) has earned an average rating of “Buy” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $33.2727.

A number of brokerages have recently commented on APLD. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a report on Wednesday, October 8th. Freedom Capital upgraded Applied Digital to a “strong-buy” rating in a report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $41.00 price objective on shares of Applied Digital in a research note on Thursday. Arete began coverage on shares of Applied Digital in a report on Wednesday. They set a “buy” rating for the company. Finally, Wall Street Zen upgraded shares of Applied Digital from a “sell” rating to a “hold” rating in a report on Saturday.

Trending Headlines about Applied Digital

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

• Positive Sentiment: Company delivered a blowout Q2: revenue jumped ~250% YoY to ~$126.6M driven by Polaris Forge 1 ramp and HPC tenant fit-outs; management disclosed a large lease pipeline and multi-year contracts that underpin long-term growth. Applied Digital beats quarterly revenue estimates on AI data center demand, shares jump
• Positive Sentiment: Multiple bullish analyst moves: Arete Research initiated coverage with a Buy and $99 price target (large bullish signal), Freedom Capital initiated a Buy ($36 PT) and Needham reiterated Buy ($41 PT) — these upgrades and high targets amplify buying interest. Arete Research Initiates Applied Digital (APLD) with $99 PT, Buy Rating
• Positive Sentiment: Market commentary highlights accelerating momentum: analysts and outlets point to a growing backlog (reported ~$15B), plans to add ~900 MW of capacity, a goal of $1B NOI over coming years, and potential new hyperscaler customers — all supportive of higher future cash flows. Applied Digital Reignites Momentum After a Blowout Quarter
• Positive Sentiment: Press coverage flags an impending hyperscaler lease and continued AI demand as near-term catalysts that could drive additional revenue and give the stock more upside. Applied Digital Teases New AI Hyperscaler Customer in 2026. The Stock Rises.
• Neutral Sentiment: Detailed company disclosures and the full Q2 earnings/call transcript are available for investors evaluating execution, margin trends and cadence of lease signings. Review the transcript for operator commentary and guidance signals. Applied Digital Corporation (APLD) Q2 2026 Earnings Call Transcript
• Negative Sentiment: GAAP/profitability caveats: higher costs dragged reported EPS below consensus (company reported a loss per share vs. mixed adjusted metrics), with negative net margin and negative ROE on a GAAP basis — investors should watch margin recovery and cash flow conversion. Applied Digital’s Q2 Earnings Miss Estimates, Revenues Rise Y/Y

Insiders Place Their Bets

In other news, Director Chuck Hastings sold 50,000 shares of Applied Digital stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $35.69, for a total value of $1,784,500.00. Following the transaction, the director directly owned 451,612 shares in the company, valued at approximately $16,118,032.28. The trade was a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ella G. Benson sold 42,569 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $35.30, for a total value of $1,502,685.70. Following the sale, the director owned 69,256 shares of the company’s stock, valued at approximately $2,444,736.80. The trade was a 38.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 328,035 shares of company stock valued at $11,376,479 in the last ninety days. Company insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

Hedge funds and other institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC raised its stake in Applied Digital by 1.0% during the 3rd quarter. ProShare Advisors LLC now owns 36,652 shares of the company’s stock valued at $841,000 after purchasing an additional 376 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Applied Digital by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 5,951 shares of the company’s stock valued at $137,000 after buying an additional 408 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of Applied Digital by 5.7% in the third quarter. Wedbush Securities Inc. now owns 10,785 shares of the company’s stock valued at $247,000 after buying an additional 585 shares during the period. GAMMA Investing LLC grew its position in Applied Digital by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 1,376 shares of the company’s stock worth $34,000 after buying an additional 642 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Applied Digital by 70.0% during the third quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock valued at $40,000 after acquiring an additional 719 shares during the period. Institutional investors and hedge funds own 65.67% of the company’s stock.

Applied Digital Stock Up 18.0%

Applied Digital stock opened at $37.68 on Friday. The company has a market capitalization of $10.52 billion, a P/E ratio of -69.78 and a beta of 6.89. Applied Digital has a 1-year low of $3.31 and a 1-year high of $40.20. The firm’s fifty day simple moving average is $27.33 and its 200-day simple moving average is $21.75. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.29.

Applied Digital (NASDAQ:APLD) last posted its earnings results on Wednesday, January 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Applied Digital had a negative return on equity of 17.52% and a negative net margin of 43.49%.The business had revenue of $126.59 million for the quarter, compared to analyst estimates of $82.22 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 250.1% compared to the same quarter last year. Sell-side analysts forecast that Applied Digital will post -0.96 earnings per share for the current fiscal year.

About Applied Digital

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.