High
$28.33
Open
$26.97
Market Cap
6.83B
52W High
$50.73
Low
$26.15
P. Close
$28.13
P/E
-
52W Low
$19.00
Fwd P/E
-104.48
DailyIQ Est.
$80.31
Inst. Ownership
-
Short Interest
23.96%
Days to Cover
3.9
Technical Score (1D)
41
SELL
News Sentiment
61
BULLISH
The most recent catalyst is a SeekingAlpha upgrade that raised Applied Digital’s price target to $70 and labeled the stock a Strong Buy, citing 1,410 MW of contracted AI data‑center leases and accelerating EBITDA growth. This upgrade signals that analysts now view the company’s lease pipeline as a reliable source of high‑margin revenue, which could support a higher valuation over the next 10 trading days. Earlier this week, Wells Fargo launched an Overweight rating, also pointing to 1.4 GW of contracted capacity and a power‑advantaged footprint, reinforcing the narrative that APLD’s future revenue will be more predictable. Together, these upgrades suggest that the market is pricing in a smoother revenue ramp and stronger profitability trajectory.
However, there is conflicting information from two 17‑hour‑old pieces. One article notes that APLD’s contracted lease value has surged to $36 B, but only 100 MW of the 1.41 GW load is online, with power and supply‑chain constraints cited as bottlenecks. The other article highlights the same lease expansion but emphasizes that revenue will not materialize until the new campuses are built and activated, implying a lag before the upside is realized. This uncertainty means that while the long‑term outlook is bullish, the short‑term earnings impact remains muted.
The broader AI capacity rotation also gave APLD a 5% lift, but the rally was limited by the $36 B lease backlog, which caps upside from rising spot compute rates. Thus, the company’s ability to capture higher spot rates is constrained until the leases are fully operational. Investors should watch for construction milestones, power procurement updates, and any new lease activations in the next few weeks, as these will determine when the projected revenue boost starts to materialize.
APLD|Earnings Snapshot
APLD|Earnings Snapshot
Earnings Summary
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions for high‑performance computing and artificial intelligence in North America, operating through data center hosting and HPC hosting businesses that serve crypto mining and GPU‑intensive workloads; it is a niche player in the broader technology services sector. In Q1 2025 the company reported a negative EPS of –$0.08 versus an estimate of –$0.1025, while revenue reached $52.9 million, a figure that is not comparable to prior quarters due to missing estimates; in Q3 2026 EPS fell to –$0.36 against an estimate of –$0.21, and revenue surged to $126.6 million against an estimate of $78.5 million, indicating a sharp revenue acceleration even as profitability deteriorated. The company has consistently missed EPS estimates in the two most recent quarters, but has delivered revenue beats in both, reflecting a pattern of strong top‑line growth offset by margin pressure. Historically, Applied Digital has shown a YoY revenue growth trajectory that has accelerated from the mid‑$20 million range to over $126 million in Q3 2026, yet EPS has remained negative, underscoring a recurring theme of revenue expansion without profitability. Recent news highlights a Wells Fargo upgrade to Overweight with a $50 price target, signaling analyst optimism tied to the company’s power‑advantaged sites and potential lease revenue, while a Bitcoin‑miner sector rebound lifted the stock 4 % on a mechanical basis; both developments underscore the sensitivity of the company’s valuation to broader miner sentiment and long‑term lease pipeline milestones. Investors should watch the next earnings release for guidance on construction pace, tenant signings, and any updates on power supply stability at North Dakota sites, as these factors will be key to assessing whether the company can convert its revenue momentum into sustainable profitability and meet the upgraded valuation expectations.
EPS
EstBeatMiss
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q1'27 | $-0.29 | - | - |
| Q3'26 | $-0.21 | $-0.36 | -71.4% |
| Q1'25 | $-0.10 | $-0.08 | +22.0% |
Revenue
EstBeatMiss
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q1'27 | $137M | - | - |
| Q3'26 | $78M | $127M | +61.4% |
| Q1'25 | - | $53M | - |
APLD|Monthly Returns
APLD|Monthly Returns
Market Data
APLD Stock Snapshot
$27.99−$0.14 (0.5%)
- Market cap
- 6.83B
- Day range
- $26.15 – $28.33
- News sentiment
- 61/100 · Bullish
- Analyst target
- $72.21 (+158.0%)
- Consensus
- Buy · 22 analysts
52-week range+47.3% off low · -44.8% from high
$19.00$50.73
Price $27.99 DailyIQ Est. $80.31
Applied Digital Corporation is consolidating: price is in the lower half of its 52-week range without a decisive push either way. Expect wider swings than the Technology average, simply as a function of float and coverage.
Sector Rotation
Is money rotating into or out of APLD's sector?
Applied Digital Corporation sits in the Technology sector, currently ranked 1st of 11 GICS sectors by relative-strength rotation score (leading).
- Sector rank
- #1 of 11
- Sector state
- Leading
- Sector rotation score
- 90
Analyst Rating Changes
Are analysts turning bullish or bearish on APLD?
Wells Fargo most recently initiated coverage on Applied Digital Corporation to Overweight on Sep 17, 2026 with a price target of $50. Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.
- Latest action
- Wells Fargo — Overweight
- 90-day upgrades
- 0
- 90-day downgrades
- 0
- Net rating momentum
- 0
APLD Competitive Positioning
Applied Digital Corporation (APLD) is tracked alongside these names in Information Technology Services on DailyIQ — ranked by market cap, with today's move alongside.
