Applied Digital Corporation (NASDAQ:APLD) Receives $70.56 Average PT from Brokerages

Posted by on Jul 4th, 2026

Shares of Applied Digital Corporation (NASDAQ:APLD – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eleven have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $70.5556.

APLD has been the topic of several research analyst reports. Citizens Jmp boosted their price objective on Applied Digital from $40.00 to $60.00 and gave the company a “market outperform” rating in a research report on Thursday, May 21st. Zacks Research cut Applied Digital from a “hold” rating to a “strong sell” rating in a research report on Monday, June 8th. Compass Point reissued a “buy” rating and set a $70.00 target price on shares of Applied Digital in a research note on Friday, May 22nd. Northland Securities set a $82.00 price target on Applied Digital and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research note on Friday, April 24th.

View Our Latest Report on APLD

Insider Buying and Selling at Applied Digital

In related news, Director Richard N. Nottenburg sold 12,500 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $34.59, for a total transaction of $432,375.00. Following the completion of the transaction, the director owned 208,378 shares in the company, valued at approximately $7,207,795.02. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas S. Miller sold 10,000 shares of Applied Digital stock in a transaction on Monday, April 27th. The shares were sold at an average price of $34.98, for a total transaction of $349,800.00. Following the completion of the sale, the director owned 184,859 shares in the company, valued at approximately $6,466,367.82. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 35,000 shares of company stock worth $1,182,175 in the last three months. Insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

Several large investors have recently made changes to their positions in APLD. Vanguard Group Inc. boosted its stake in Applied Digital by 36.4% during the fourth quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock valued at $592,601,000 after buying an additional 6,445,908 shares during the last quarter. Value Aligned Research Advisors LLC bought a new stake in Applied Digital in the 4th quarter worth approximately $138,380,000. Situational Awareness LP increased its stake in Applied Digital by 87.0% in the 4th quarter. Situational Awareness LP now owns 11,339,060 shares of the company’s stock worth $278,034,000 after acquiring an additional 5,274,905 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Applied Digital by 24,356.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock worth $52,561,000 after acquiring an additional 5,198,223 shares in the last quarter. Finally, Marex Group plc raised its holdings in shares of Applied Digital by 38,484.6% during the 4th quarter. Marex Group plc now owns 3,904,759 shares of the company’s stock worth $95,745,000 after acquiring an additional 3,894,639 shares in the last quarter. 65.67% of the stock is owned by institutional investors.

Applied Digital Price Performance

Shares of APLD stock opened at $33.06 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. Applied Digital has a one year low of $9.02 and a one year high of $50.72. The company’s fifty day moving average price is $41.82 and its 200-day moving average price is $34.07. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of -44.68 and a beta of 5.67.

Applied Digital (NASDAQ:APLD – Get Free Report) last issued its earnings results on Wednesday, April 8th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.23). The firm had revenue of $108.55 million during the quarter, compared to the consensus estimate of $78.47 million. Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.The company’s quarterly revenue was up 139.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) EPS. Sell-side analysts expect that Applied Digital will post -0.7 EPS for the current fiscal year.

Applied Digital Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Applied Digital (NASDAQ:APLD)

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