Applied Digital’s (APLD) Buy Rating Reaffirmed at Needham & Company LLC

Applied Digital (NASDAQ:APLD)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $41.00 price objective on the stock. Needham & Company LLC’s price target points to a potential upside of 38.70% from the stock’s current price.

A number of other equities research analysts have also commented on APLD. Arete started coverage on Applied Digital in a research report on Wednesday. They set a “buy” rating for the company. Lake Street Capital reissued a “buy” rating and issued a $45.00 price target on shares of Applied Digital in a research report on Tuesday, December 30th. Northland Securities reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Applied Digital in a research report on Tuesday, December 30th. Citigroup reiterated an “outperform” rating on shares of Applied Digital in a research note on Tuesday, December 30th. Finally, HC Wainwright lifted their target price on shares of Applied Digital from $20.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $27.00.

Applied Digital Price Performance

Shares of NASDAQ:APLD opened at $29.56 on Thursday. The company’s fifty day moving average is $27.31 and its two-hundred day moving average is $21.48. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.29. Applied Digital has a 12-month low of $3.31 and a 12-month high of $40.20. The company has a market cap of $8.25 billion, a P/E ratio of -26.16 and a beta of 6.89.

Applied Digital (NASDAQ:APLD) last issued its earnings results on Wednesday, January 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Applied Digital had a negative return on equity of 37.14% and a negative net margin of 111.29%.The business had revenue of $126.59 million during the quarter, compared to analyst estimates of $82.22 million. During the same period last year, the business earned ($0.06) EPS. The business’s quarterly revenue was up 250.1% on a year-over-year basis. Equities analysts expect that Applied Digital will post -0.96 earnings per share for the current fiscal year.

Insider Activity at Applied Digital

In other news, Director Ella G. Benson sold 42,569 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $35.30, for a total transaction of $1,502,685.70. Following the transaction, the director owned 69,256 shares in the company, valued at approximately $2,444,736.80. This trade represents a 38.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Nottenburg sold 34,375 shares of Applied Digital stock in a transaction on Friday, October 24th. The shares were sold at an average price of $33.23, for a total transaction of $1,142,281.25. Following the completion of the sale, the director directly owned 263,612 shares of the company’s stock, valued at approximately $8,759,826.76. The trade was a 11.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 328,035 shares of company stock worth $11,376,479 over the last quarter. 9.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Applied Digital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its position in Applied Digital by 1.0% during the third quarter. ProShare Advisors LLC now owns 36,652 shares of the company’s stock worth $841,000 after purchasing an additional 376 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Applied Digital by 7.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,951 shares of the company’s stock worth $137,000 after buying an additional 408 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Applied Digital by 5.7% during the 3rd quarter. Wedbush Securities Inc. now owns 10,785 shares of the company’s stock worth $247,000 after buying an additional 585 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Applied Digital by 87.5% during the 4th quarter. GAMMA Investing LLC now owns 1,376 shares of the company’s stock worth $34,000 after buying an additional 642 shares during the period. Finally, Allworth Financial LP grew its stake in Applied Digital by 70.0% in the 3rd quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock valued at $40,000 after buying an additional 719 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Applied Digital News Summary

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

• Positive Sentiment: Q2 revenue beat estimates and management cited strong demand for large-scale AI data-center capacity, which supports the company’s growth thesis around hyperscaler and AI workloads. Applied Digital beats quarterly revenue estimates on AI data center demand, shares jump
• Positive Sentiment: Company reported record revenue (up ~250% YoY) and provided operational updates (facility builds/Polaris Forge 1 online), pointing to accelerating capacity and revenue scalability. Applied Digital Reports Fiscal Second Quarter 2026 Results
• Positive Sentiment: Multiple firms initiated/upgraded coverage (Freedom Capital Markets, Arete, Zacks), including a “strong-buy” from Zacks and a Freedom Capital coverage start, which can support sentiment and liquidity. Zacks.com
• Neutral Sentiment: Analysts, media and research outlets published deep-dive pieces and the full earnings-call transcript — useful for validating guidance, customer mix and timing for new capacity. APLD Q4 Deep Dive: Data Center Expansion and Strategic Spin-Off Drive Positive Momentum
• Neutral Sentiment: The name has been a trending ticker across outlets (MSN, Benzinga) — higher visibility increases trading volume and volatility but doesn’t change underlying fundamentals. Trending tickers: Intel, Applied Digital…
• Negative Sentiment: EPS slightly missed consensus (reported -$0.11 vs. est. -$0.10) and the company still shows negative margins and ROE, keeping profitability concerns front-and-center for investors. Applied Digital earnings report and transcript
• Negative Sentiment: After a sharp rally into earnings, the stock’s high beta and recent outsized gains make pullbacks and profit-taking likely; today’s decline appears to reflect that combination of sentiment and lingering profitability questions. Why Is Applied Digital (APLD) Stock Surging Premarket Today?

About Applied Digital

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.