Applied Digital (NASDAQ:APLD) Trading Up 6% – Time to Buy?

Posted by Geri Gentry on Aug 4th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report)’s share price rose 6% during mid-day trading on Tuesday . The stock traded as high as $31.84 and last traded at $31.27. Approximately 20,193,752 shares traded hands during trading, a decline of 18% from the average daily volume of 24,508,494 shares. The stock had previously closed at $29.49.

Analysts Set New Price Targets

A number of equities research analysts recently commented on APLD shares. Northland Securities set a $82.00 price target on Applied Digital and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Digital in a report on Tuesday, July 21st. Morgan Stanley assumed coverage on shares of Applied Digital in a research note on Thursday, July 23rd. They issued a “buy” rating and a $36.50 target price for the company. Roth Capital reissued a “buy” rating and set a $65.00 price target on shares of Applied Digital in a research report on Thursday, April 23rd. Finally, Zacks Research raised shares of Applied Digital from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $68.05.

Read Our Latest Report on APLD

Applied Digital Stock Up 6.0%

The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 2.88. The company has a market capitalization of $9.11 billion, a PE ratio of -35.13 and a beta of 5.75. The stock has a 50-day moving average of $36.92 and a 200 day moving average of $34.26.

Applied Digital (NASDAQ:APLD – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.30). Applied Digital had a negative return on equity of 16.42% and a negative net margin of 37.78%.The business had revenue of $240.35 million for the quarter, compared to the consensus estimate of $96.85 million. During the same quarter last year, the business posted ($0.24) earnings per share. The business’s revenue was up 406.3% compared to the same quarter last year. Sell-side analysts anticipate that Applied Digital Corporation will post -0.88 EPS for the current year.

Institutional Investors Weigh In On Applied Digital

Hedge funds have recently made changes to their positions in the business. Albion Financial Group UT purchased a new position in shares of Applied Digital in the 4th quarter worth about $25,000. Activest Wealth Management bought a new position in Applied Digital during the fourth quarter valued at about $25,000. Ameriflex Group Inc. purchased a new stake in Applied Digital during the fourth quarter worth about $25,000. McMillan Office Inc. bought a new stake in Applied Digital in the fourth quarter worth about $25,000. Finally, Larson Financial Group LLC raised its position in Applied Digital by 56,450.0% in the third quarter. Larson Financial Group LLC now owns 1,131 shares of the company’s stock worth $26,000 after acquiring an additional 1,129 shares during the period. 65.67% of the stock is currently owned by institutional investors.

About Applied Digital

(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.