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APLD Stock Forecast: Applied Digital Corp. Price Predictions for 2026-2027

Last close, 4 Sept 2026
$26
+1.78% on the day

The 11 Wall Street analysts covering Applied Digital Corp. hold a median 12-month price target of $79 — +199.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 21 of 100 as at 5 Sept 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$7.5B
Ticker Nerd rank
21 / 100
Median analyst target
$79
Analysts covering
11
Revenue$258.7M
Operating income−$124.8M
Net income−$82.4M
Free cash flow−$1.2B
Quarterly, 8 quarters to 31 May 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+4.1%
1M
−15.7%
YTD
+7.5%
1Y
+84.0%
From 52W high
−46.9%
From 52W low
+89.8%
$14
$50
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

APLD stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Applied Digital Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 5 Sept 2026
21 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Momentum
72
Growth
64
Revisions
51
Quality
43
Accruals
35
Value
26
Size
18
Volatility
14
Issuance
6

Momentum (72): The shares have been drifting up relative to others.

Issuance (6): The company has been issuing shares or taking on financing, diluting existing holders.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

APLD stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on APLD, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$0$20$40$60$80$100$120Oct 25Jan 26Apr 26Jul 26APLDHigh $109Median $79Low $38

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says11 analysts
10 Buy1 Hold0 Sell
Low $38Median $79High $109

The green dot is the last close — the median target sits +199.6% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 3 moved their price target up and 0 moved it down.

DateFirmActionRatingTarget
6 Aug 2026Morgan StanleyMaintainsEqual-Weight$37 → $38
3 Aug 2026B. Riley SecuritiesMaintainsBuy$66 → $75
28 July 2026NeedhamReiteratesBuy$83
28 July 2026NeedhamReiteratesBuy—
23 July 2026Morgan StanleyInitiatesEqual-Weight$37
23 July 2026Morgan StanleyInitiatesEqual-Weight—
17 June 2026Northland Capital MarketsMaintainsOutperform$56 → $82
17 June 2026Northland Capital MarketsMaintainsOutperform—
9 June 2026Craig-HallumMaintainsBuy—
9 June 2026Lake StreetMaintainsBuy—
9 June 2026NeedhamMaintainsBuy—
27 May 2026B. Riley SecuritiesMaintainsBuy—
21 May 2026CitizensMaintainsMarket Outperform—
21 May 2026Lake StreetMaintainsBuy—
21 May 2026NeedhamMaintainsBuy—
15 May 2026NeedhamMaintainsBuy—
28 Apr 2026NeedhamReiteratesBuy—
24 Apr 2026NeedhamMaintainsBuy—
23 Apr 2026NeedhamMaintainsBuy—
9 Apr 2026CitizensReiteratesMarket Outperform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. APLD appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

APLD vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Sept 2026, Applied Digital Corp. returned +84.0% against +20.0% for the S&P 500, dividends included.

APLD vs S&P 500, last 12 monthsTotal return, rebased to 100
100150200250300350Oct 25Jan 26Apr 26Jul 26APLDS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

APLD analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
1
Analysts cutting
0
Fundamentals

Applied Digital Corp. (APLD) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−29.0×

Cheaper than 97% of US stocks

Price / sales
12.3×

Cheaper than 13% of US stocks

Price / book
4.4×

Cheaper than 24% of US stocks

EV / EBITDA
−123.5×

Cheaper than 97% of US stocks

Growth & margins
Revenue growth (YoY)
406.6%

Higher than 98% of US stocks

Earnings growth (YoY)
−877.0%

Higher than 1% of US stocks

Gross margin
15.7%

Higher than 15% of US stocks

Operating margin
−48.2%

Higher than 17% of US stocks

Net margin
−39.9%

Higher than 12% of US stocks

Returns & dividend
Return on equity
−8.4%

Higher than 37% of US stocks

Return on assets
−1.8%

Higher than 37% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Applied Digital Corp. (APLD) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Applied Digital Corp. has a market value of $7.5B and an enterprise value of $13.2B.

  • Revenue in the twelve months to 31 May 2026: $576.2M. The latest quarter grew 406.6% year on year.

  • Net income over the same four quarters: −$184.3M, a −32.0% net margin.

  • Diluted earnings per share, trailing twelve months: $−0.89.

  • Free cash flow in the twelve months to 31 May 2026: −$2.8B.

  • Applied Digital Corp. spent $1.2M on share buybacks and $6.3M on dividends in the twelve months to 31 May 2026.

  • Shares outstanding: 287.9M.

  • Trailing P/E: −29.0×; forward P/E: −105.5× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Applied Digital Corp. employs 256 people — $2.3M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 31 May 2026 · market figures as at 8 Sept 2026

Data provided by Twelve Data

Peers

APLD vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelInformation Technology Services
CompanyMarket capTKN rank
APLDApplied Digital Corp.$7.5B
21
CIFRCipher Digital, Inc.$7.4B
10
INGMIngram Micro Holding Corp.$6.8B
79
GGenpact Ltd.$6.4B
89
EPAMEPAM Systems, Inc.$6.1B
69
EXLSExlService Holdings, Inc.$5.6B
83
SAICScience Applications International Corp.$5.5B
89

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Applied Digital Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest APLD news & analysis

Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock.

The Motley Fool · 7 Sept 2026negative

Applied Digital has signed take-or-pay leases covering about 1,410 megawatts of capacity across five data center campuses, representing roughly $36 billion in revenue over 15-year base terms. Rent payments begin only as buildings are delivered, and the article notes most rent will not be collected until 2029.

Why it matters — APLD watchers would care because the timing of the company's rental income is delayed until the data center buildings are delivered, meaning most revenue is not expected until 2029.

APLD Slides 36% in 3 Months: Should Investors Exit or Hold the Stock?

Zacks Investment Research · 7 Sept 2026negative

APLD's stock has fallen 36% over the past three months. The decline is attributed to heavy capital requirements, rising debt, delayed revenue ramp, and dilution risks, despite the company holding a $36 billion contracted AI pipeline.

Why it matters — APLD watchers would care because the report highlights financial headwinds that may be weighing on the stock even as the company maintains a large contracted AI pipeline.

Analyzing Applied Digital vs. IREN: Accelerating Upward Trajectories vs.

The Motley Fool · 6 Sept 2026positive

The Motley Fool compares Applied Digital and IREN, noting that Applied Digital has shown a steeper, more consistent quarter-over-quarter revenue growth trajectory over the last eight quarters, while IREN experienced initial increases followed by consecutive quarterly declines.

Why it matters — It highlights Applied Digital's sustained revenue momentum compared with a key competitor, providing context for investors tracking APLD's top-line performance.

Applied Digital vs. IREN: Evaluating the Better Artificial Intelligence Stock to Buy for 2026

The Motley Fool · 5 Sept 2026neutral

The Motley Fool published an article comparing Applied Digital and IREN as potential AI stocks for 2026. It notes Applied Digital provides infrastructure designed for AI's processing needs, while IREN is shifting from crypto mining toward AI cloud and colocation services.

Why it matters — APLD investors would care because the piece positions Applied Digital within the competitive landscape for AI-focused data center and infrastructure demand heading into 2026.

15 Stocks to Watch With Short Squeeze Potential

Schaeffers Research · 2 Sept 2026neutral

Schaeffers Research published a list of 15 stocks with short squeeze potential amid bond-yield-driven market jitters, suggesting they may draw contrarian trader interest. Applied Digital Corp. (APLD) is included among the stocks flagged for this potential.

Why it matters — APLD watchers would care because the stock's inclusion signals notable short interest, which could make its price moves more volatile if short sellers are forced to cover.

FAQ

Frequently asked questions about APLD stock

What is the APLD stock price forecast for 2026-2027?

The 11 Wall Street analysts covering Applied Digital Corp. have a median 12-month price target of $79, with estimates ranging from $38 to $109. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is APLD stock a buy right now?

Of the 11 analysts covering Applied Digital Corp., 10 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Applied Digital Corp. 21 out of 100 across roughly 4,600 US stocks as at 5 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank APLD?

As at 5 Sept 2026, Applied Digital Corp. ranks 21 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (72 of 100).

Will APLD stock go up?

No one can know that. What the data says: the median 12-month target from 11 analysts implies +199.6% from the last close, and Ticker Nerd's factor model ranks Applied Digital Corp. 21 out of 100 as at 5 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the APLD stock forecast for 2030?

No analyst covering Applied Digital Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for APLD are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $38 to $109 over the next 12 months.

How has APLD stock performed over the past year?

Applied Digital Corp. returned +84.0% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Applied Digital Corp. do?

Applied Digital Corporation is a digital infrastructure and data center company that designs, builds, and operates large-scale compute environments for artificial intelligence, high-performance computing, cloud services, and blockchain workloads. The company provides energized infrastructure, hosting, and colocation-style services through purpose-built facilities engineered for high-density computing applications.

What is the latest news on APLD?

The most recent item we track (The Motley Fool, 7 Sept 2026): "Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock.". Applied Digital has signed take-or-pay leases covering about 1,410 megawatts of capacity across five data center campuses, representing roughly $36 billion in revenue over 15-year base terms. Rent payments begin only as buildings are delivered, and the article notes most rent will not be collected until 2029.

Company

About Applied Digital Corp.

Applied Digital Corporation is a digital infrastructure and data center company that designs, builds, and operates large-scale compute environments for artificial intelligence, high-performance computing, cloud services, and blockchain workloads. The company provides energized infrastructure, hosting, and colocation-style services through purpose-built facilities engineered for high-density computing applications. Its operations serve hyperscalers, enterprises, AI and machine learning developers, and crypto mining customers, positioning it as a provider of specialized capacity for demanding workloads. Applied Digital Corporation is known for combining data center development with operational management and cooling technologies, including proprietary waterless cooling systems, to support efficient, high-performance environments. Headquartered in Dallas, Texas, Applied Digital Corporation focuses on modern digital infrastructure that helps power next-generation computing and storage needs across North America.

CEO Mr. Wesley Cummins · 256 employees · United States · https://applieddigital.com