APLDTechnology · Information Technology ServicesThe 15 Wall Street analysts covering Applied Digital Corp. hold a median 12-month price target of $70 — +193.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 20 of 100 as at 8 Oct 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.
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.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Momentum (76): The shares have been drifting up relative to others.
Issuance (7): 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.
The bullish and bearish analyst opinions on APLD, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +193.5% from it.
Of the 20 most recent actions, 3 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 23 Sept 2026 | UBS | Initiates | Buy | $38 |
| 21 Sept 2026 | Rothschild & Co | Initiates | Neutral | $22 |
| 17 Sept 2026 | Wells Fargo | Initiates | Overweight | $50 |
| 6 Aug 2026 | Morgan Stanley | Maintains | Equal-Weight | $37 → $38 |
| 6 Aug 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 3 Aug 2026 | B. Riley Securities | Maintains | Buy | — |
| 3 Aug 2026 | B. Riley Securities | Maintains | Buy | $66 → $75 |
| 28 July 2026 | Needham | Reiterates | Buy | $83 |
| 28 July 2026 | Needham | Reiterates | Buy | — |
| 23 July 2026 | Morgan Stanley | Initiates | Equal-Weight | — |
| 23 July 2026 | Morgan Stanley | Initiates | Equal-Weight | $37 |
| 17 June 2026 | Northland Capital Markets | Maintains | Outperform | $56 → $82 |
| 17 June 2026 | Northland Capital Markets | Maintains | Outperform | — |
| 9 June 2026 | Craig-Hallum | Maintains | Buy | — |
| 9 June 2026 | Lake Street | Maintains | Buy | — |
| 9 June 2026 | Needham | Maintains | Buy | — |
| 27 May 2026 | B. Riley Securities | Maintains | Buy | — |
| 21 May 2026 | Citizens | Maintains | Market Outperform | — |
| 21 May 2026 | Lake Street | Maintains | Buy | — |
| 21 May 2026 | Needham | Maintains | Buy | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
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.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 8 Oct 2026, Applied Digital Corp. returned −14.6% against +16.2% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 97% of US stocks
Cheaper than 12% of US stocks
Cheaper than 23% of US stocks
Cheaper than 97% of US stocks
Higher than 98% of US stocks
Higher than 1% of US stocks
Higher than 15% of US stocks
Higher than 17% of US stocks
Higher than 11% of US stocks
Higher than 37% of US stocks
Higher than 37% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
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 $7.6B and an enterprise value of $12.9B.
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.
Trailing P/E: −26.5×; forward P/E: −52.4× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
Applied Digital Corp. employs 256 people — $2.3M of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
Seeking Alpha highlights Applied Digital’s Q1 2027 revenue growth to $341.9 million and adjusted EBITDA of $64.4 million. The article says the company expects to bring more than 600MW online over the next 12 months.
Why it matters — The reported results and planned capacity additions could affect recurring revenue and operating leverage.
Applied Digital’s Q1 revenue surged 322%, driven by HPC fit-out and rental growth, but earnings missed as higher costs, interest expense and fair-value losses widened its loss.
Why it matters — APLD watchers may note that strong revenue growth was offset by rising expenses and a wider loss.
Applied Digital reported better-than-expected financial results for the first quarter on Wednesday. The headline says analysts revised their forecasts following the results, but the excerpt does not provide details of those revisions.
Why it matters — APLD watchers may note that analysts reassessed their forecasts after the company’s first-quarter results.
Needham analyst John Todaro lowered his price target for Applied Digital on October 8, despite the company reporting Q1 revenue of $342 million, more than quadruple its year-earlier level, and a per-share loss of one cent. The reported results were above analyst expectations cited in the excerpt.
Why it matters — APLD watchers may note the contrast between stronger-than-expected Q1 results and the analyst’s lower price target.
Former Bitcoin miners that shifted to AI data-center leasing are facing pressure as Bitcoin declines and long-term borrowing costs rise. The excerpt notes that these companies use debt to fund buildouts.
Why it matters — APLD watchers may note the combination of weaker Bitcoin and higher borrowing costs as relevant pressure on the company’s business context.
The 15 Wall Street analysts covering Applied Digital Corp. have a median 12-month price target of $70, with estimates ranging from $22 to $93. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 15 analysts covering Applied Digital Corp., 13 rate it a Buy, 2 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Applied Digital Corp. 20 out of 100 across roughly 4,600 US stocks as at 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 8 Oct 2026, Applied Digital Corp. ranks 20 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 (76 of 100).
No one can know that. What the data says: the median 12-month target from 15 analysts implies +193.5% from the last close, and Ticker Nerd's factor model ranks Applied Digital Corp. 20 out of 100 as at 8 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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: $22 to $93 over the next 12 months.
Applied Digital Corp. returned -14.6% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
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.
The most recent item we track (Seeking Alpha, 9 Oct 2026): "Applied Digital: More Than 600MW Could Drive The Next Leg Of Growth". Seeking Alpha highlights Applied Digital’s Q1 2027 revenue growth to $341.9 million and adjusted EBITDA of $64.4 million. The article says the company expects to bring more than 600MW online over the next 12 months.
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
