Applied Digital (NASDAQ:APLD) Stock Price Up 9.7% – Should You Buy?

Posted by Stanley Muller on Nov 6th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report)’s share price was up 9.7% on Friday. The stock traded as high as $15.80 and last traded at $15.55. Approximately 34,219,526 shares traded hands during mid-day trading, an increase of 46% from the average daily volume of 23,376,750 shares. The stock had previously closed at $14.17.

Key Applied Digital News

Here are the key news stories impacting Applied Digital this week:

Positive Sentiment: APLD participated in a broader data-center stock rebound after a rival said its targeted annualized revenue of more than $4 billion was fully funded. The news may have improved sentiment toward the sector, though Applied Digital still needs to secure financing for roughly 800 megawatts of planned capacity over the next 12 months. Read More.
Positive Sentiment: Applied Digital’s CEO was reported to have bought company shares after the stock’s decline, a potential signal of confidence from an insider. Read More.
Neutral Sentiment: The company held its 2026 annual stockholder meeting; the brief announcement did not describe a major new business development. Read More.
Negative Sentiment: The rebound follows a roughly 39% decline over the past month and a 40.6% drop since its latest earnings report, as investors have sold off AI data-center and infrastructure stocks. Read More.
Negative Sentiment: Concerns about a proposed Texas pause on new data-center approvals intensified the sector selloff, even though Applied Digital’s signed leases are outside Texas. The episode highlights regulatory risk and broad investor sensitivity to data-center projects. Read More.

Analysts Set New Price Targets

A number of brokerages have issued reports on APLD. B. Riley Financial cut their target price on Applied Digital from $75.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 price objective (up from $50.00) on shares of Applied Digital in a research note on Thursday, October 8th. Rothschild & Co Redburn set a $22.00 price objective on Applied Digital and gave the company a “neutral” rating in a research note on Monday, September 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a research note on Monday, October 19th. Finally, Needham & Company LLC lowered their target price on Applied Digital from $83.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Applied Digital presently has an average rating of “Moderate Buy” and an average price target of $57.75.

Get Our Latest Report on Applied Digital

Applied Digital Price Performance

The company has a 50 day moving average of $23.16 and a 200 day moving average of $30.94. The company has a debt-to-equity ratio of 3.90, a quick ratio of 2.56 and a current ratio of 2.56. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of -9.48 and a beta of 5.58.

Applied Digital (NASDAQ:APLD – Get Free Report) last released its quarterly earnings data on Wednesday, October 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.29. The business had revenue of $300.39 million during the quarter, compared to analysts’ expectations of $116.29 million. Applied Digital had a negative net margin of 51.28% and a negative return on equity of 27.21%. The company’s revenue for the quarter was up 367.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. As a group, equities research analysts anticipate that Applied Digital Corporation will post -2.17 EPS for the current year.

Insider Activity

In other news, Director Richard Nottenburg sold 31,250 shares of Applied Digital stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $21.84, for a total transaction of $682,500.00. Following the sale, the director owned 102,128 shares in the company, valued at approximately $2,230,475.52. The trade was a 23.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Jason Gechen Zhang acquired 300,000 shares of Applied Digital stock in a transaction on Friday, October 16th. The stock was purchased at an average price of $18.86 per share, with a total value of $5,658,000.00. Following the purchase, the president owned 2,839,227 shares of the company’s stock, valued at $53,547,821.22. The trade was a 11.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Applied Digital by 28.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,092 shares of the company’s stock valued at $78,000 after acquiring an additional 464 shares during the period. Krilogy Financial LLC lifted its position in Applied Digital by 4.1% during the 2nd quarter. Krilogy Financial LLC now owns 14,243 shares of the company’s stock worth $531,000 after acquiring an additional 561 shares during the period. Envestnet Asset Management Inc. lifted its position in Applied Digital by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,333 shares of the company’s stock worth $497,000 after acquiring an additional 596 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Applied Digital by 1.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 71,600 shares of the company’s stock valued at $2,671,000 after purchasing an additional 700 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of Applied Digital by 6.7% in the 3rd quarter. Valeo Financial Advisors LLC now owns 12,343 shares of the company’s stock valued at $301,000 after purchasing an additional 773 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

About Applied Digital

(Get Free Report)

Applied Digital Corporation (NASDAQ: APLD) develops and operates digital infrastructure designed to support high-performance computing and artificial intelligence applications. The company provides data-center capacity, hosting services and related infrastructure for customers that require substantial computing power and energy resources.

Its business includes high-performance computing data centers and cloud services intended to support artificial intelligence, machine learning, cryptocurrency mining and other compute-intensive workloads.