APLDTechnology · Information Technology ServicesThe 16 Wall Street analysts covering Applied Digital Corp. hold a median 12-month price target of $70 — +292.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 14 of 100 as at 31 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 (49): 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 systematic trader with 15+ 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 +292.8% from it.
Of the 20 most recent actions, 4 moved their price target up and 2 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 30 Oct 2026 | B. Riley Securities | Maintains | Buy | $75 → $51 |
| 21 Oct 2026 | Roth Capital | Reinstates | Buy | $35 |
| 12 Oct 2026 | Morgan Stanley | Maintains | Equal-Weight | $38 → $41 |
| 12 Oct 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 8 Oct 2026 | Freedom Capital Markets | Maintains | Buy | $48 |
| 8 Oct 2026 | Freedom Capital Markets | Maintains | Buy | — |
| 8 Oct 2026 | Needham | Maintains | Buy | $83 → $70 |
| 8 Oct 2026 | Needham | Maintains | Buy | — |
| 8 Oct 2026 | Wells Fargo | Maintains | Overweight | — |
| 8 Oct 2026 | Wells Fargo | Maintains | Overweight | $50 → $55 |
| 23 Sept 2026 | UBS | Initiates | Buy | $38 |
| 23 Sept 2026 | UBS | Initiates | Buy | — |
| 21 Sept 2026 | Rothschild & Co | Initiates | Neutral | $22 |
| 21 Sept 2026 | Rothschild & Co | Initiates | Neutral | — |
| 17 Sept 2026 | Wells Fargo | Initiates | Overweight | $50 |
| 17 Sept 2026 | Wells Fargo | Initiates | Overweight | — |
| 6 Aug 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 6 Aug 2026 | Morgan Stanley | Maintains | Equal-Weight | $37 → $38 |
| 3 Aug 2026 | B. Riley Securities | Maintains | Buy | — |
| 3 Aug 2026 | B. Riley Securities | Maintains | Buy | $66 → $75 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
The model tests each one against its peers. 1 pass every test this week.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 30 Oct 2026, Applied Digital Corp. returned −47.5% against +12.4% 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 96% of US stocks
Cheaper than 20% of US stocks
Cheaper than 28% of US stocks
Cheaper than 96% of US stocks
Higher than 97% of US stocks
Higher than 1% of US stocks
Higher than 15% of US stocks
Higher than 22% of US stocks
Higher than 10% of US stocks
Higher than 34% 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 $5.9B and an enterprise value of $11.6B.
Revenue in the twelve months to 31 May 2026: $576.2M. The latest quarter grew 322.4% 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: −19.6×; forward P/E: −22.5× — 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 →
The Motley Fool headline asks whether investors should choose Iren instead of Applied Digital. The excerpt says share prices in both companies have dropped as investors express concern about risk.
Why it matters — APLD watchers may note the report’s comparison with Iren and the stated investor concern about risk.
The Motley Fool says Applied Digital is generating revenue from long-term AI deals and has lower overhead than neoclouds. It also notes that SpaceX's report demonstrated substantial demand for AI compute.
Why it matters — APLD watchers may view the reported AI-compute demand and the company's long-term deals as relevant context for its business.
Invezz reports that corporate insiders are investing their own money in Oracle, Applied Digital and DICK’S Sporting Goods. It frames the purchases as a reason to examine three distinct recovery stories.
Why it matters — Applied Digital is one of the companies mentioned, and the article highlights insider purchases as a point for APLD watchers to consider.
Applied Digital shares rose 10% to $19.56 as AI data center stocks rallied. The excerpt describes this as the biggest rebound in the group.
Why it matters — The move highlights a strong session for Applied Digital among operators building high-performance computing capacity for hyperscale tenants.
TeraWulf shares rose after its CEO pushed back on concerns about stranded data centers, lifting former Bitcoin miners pursuing AI data-center development. Cipher Digital also rose, while Applied Digital edged higher.
Why it matters — The report places Applied Digital among peers responding to discussion about the outlook for AI data-center projects.
The 16 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 16 analysts covering Applied Digital Corp., 14 rate it a Buy, 2 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Applied Digital Corp. 14 out of 100 across roughly 4,600 US stocks as at 31 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 31 Oct 2026, Applied Digital Corp. ranks 14 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 (49 of 100).
No one can know that. What the data says: the median 12-month target from 16 analysts implies +292.8% from the last close, and Ticker Nerd's factor model ranks Applied Digital Corp. 14 out of 100 as at 31 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 -47.5% over the 12 months to 30 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 (The Motley Fool, 29 Oct 2026): "Should Investors Buy Iren Instead of Applied Digital?". The Motley Fool headline asks whether investors should choose Iren instead of Applied Digital. The excerpt says share prices in both companies have dropped as investors express concern about risk.
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
