Applied Digital Corporation (APLD)

US — Technology Sector
Peers: NCPL  TOP  MARA  RIOT  ILAG  SIDU  GFAI  HTCR 

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Key Metrics & Ratings

  • symbol APLD
  • Rev/Share 1.0711
  • Book/Share 3.1498
  • PB 6.6581
  • Debt/Equity 1.4123
  • CurrentRatio 0.7715
  • ROIC -0.0541

 

  • MktCap 4307231090.0
  • FreeCF/Share -1.8534
  • PFCF -11.5508
  • PE -14.3409
  • Debt/Assets 0.3759
  • DivYield 0
  • ROE -0.5528

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade APLD Compass Point Neutral Buy -- $13 July 25, 2025
Downgrade APLD Compass Point Buy Neutral -- $13 June 9, 2025
Initiation APLD Citizens JMP -- Mkt Outperform -- $12 May 22, 2025
Initiation APLD Compass Point -- Buy -- $10 Jan. 28, 2025
Initiation APLD Cantor Fitzgerald -- Overweight -- $15 Dec. 20, 2024

News

APLD Trades Higher Than Industry at 13.5X P/S: Is the Stock a Buy?
APLD
Published: August 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Despite a stretched valuation, APLD's AI-focused strategy, long-term contracts and Polaris Forge buildout makes the stock attractive for investors.

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image for news APLD Trades Higher Than Industry at 13.5X P/S: Is the Stock a Buy?
Wall Street Analysts Believe Applied Digital Corporation (APLD) Could Rally 25.39%: Here's is How to Trade
APLD
Published: August 26, 2025 by: Zacks Investment Research
Sentiment: Positive

The average of price targets set by Wall Street analysts indicates a potential upside of 25.4% in Applied Digital Corporation (APLD). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

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image for news Wall Street Analysts Believe Applied Digital Corporation (APLD) Could Rally 25.39%: Here's is How to Trade
Can Polaris Forge 2 Fuel the Next Leg of Growth for APLD Stock?
APLD
Published: August 22, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD is betting big on Polaris Forge 2 to power its next growth phase amid rising AI demand and fierce data center competition.

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image for news Can Polaris Forge 2 Fuel the Next Leg of Growth for APLD Stock?
What's Next After A 2X Surge In Applied Digital Stock?
APLD
Published: August 21, 2025 by: Forbes
Sentiment: Positive

Occasionally, a company transitions from relative anonymity to becoming a focal point of a megatrend almost instantaneously, and Applied Digital (NASDAQ: APLD) serves as an exemplary case. Only a few years ago, it operated as a specialized data center business.

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image for news What's Next After A 2X Surge In Applied Digital Stock?
Applied Digital to Break Ground on $3 Billion Polaris Forge 2 Campus in September 2025, Expanding North Dakota's Role as a National AI Infrastructure Leader
APLD
Published: August 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

DALLAS, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) announced today it plans to break ground in September 2025 on Polaris Forge 2, a $3 billion, 280-megawatt (MW) AI Factory near Harwood, North Dakota. Designed with the ability to scale beyond its initial 280MW, the campus—with initial capacity in 2026 and reaching full capacity in early 2027—further advances Applied Digital's rapid growth and reinforces North Dakota's position as one of the most strategically important destinations for AI infrastructure in the United States.

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image for news Applied Digital to Break Ground on $3 Billion Polaris Forge 2 Campus in September 2025, Expanding North Dakota's Role as a National AI Infrastructure Leader
Are You Looking for a Top Momentum Pick? Why Applied Digital Corporation (APLD) is a Great Choice
APLD
Published: August 13, 2025 by: Zacks Investment Research
Sentiment: Positive

Does Applied Digital Corporation (APLD) have what it takes to be a top stock pick for momentum investors? Let's find out.

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image for news Are You Looking for a Top Momentum Pick? Why Applied Digital Corporation (APLD) is a Great Choice
APLD vs. VRT: Which Digital Infrastructure Stock Has More Upside Now?
APLD, VRT
Published: August 13, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD's AI-focused pivot, $7B CoreWeave deal and cooling tech give it an edge over VRT in the data center growth race.

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image for news APLD vs. VRT: Which Digital Infrastructure Stock Has More Upside Now?
Are Finance Stocks Lagging Applied Digital Corporation (APLD) This Year?
APLD
Published: August 06, 2025 by: Zacks Investment Research
Sentiment: Negative

Here is how Applied Digital Corporation (APLD) and Artisan Partners Asset Management (APAM) have performed compared to their sector so far this year.

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image for news Are Finance Stocks Lagging Applied Digital Corporation (APLD) This Year?
Applied Digital: Why a Surge in Bullish Bets Signals a New Era
APLD
Published: August 05, 2025 by: MarketBeat
Sentiment: Positive

Most investors will tell you that it pays to listen when the market sends a clear signal. On August 1, 2025, the market for Applied Digital Corporation NASDAQ: APLD was practically shouting.

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image for news Applied Digital: Why a Surge in Bullish Bets Signals a New Era
AI's Next Big Winner? Applied Digital's 30% Rally Says Yes (Upgrade)
APLD
Published: August 01, 2025 by: Seeking Alpha
Sentiment: Positive

Applied Digital Corporation's pivot to AI data centers is gaining traction, highlighted by a $7B CoreWeave contract and strong Q4 earnings beat. Execution risk remains high: debt levels are elevated, valuation is rich, and profitability is still a future goal, not a reality. The company is accelerating buildouts, securing financing, and negotiating with multiple hyperscalers, signaling real progress toward its AI ambitions.

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image for news AI's Next Big Winner? Applied Digital's 30% Rally Says Yes (Upgrade)
Applied Digital's Q4 Earnings & Revenues Meet Estimates, Stock Up
APLD
Published: July 31, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD's fiscal Q4 revenues rose 41%, and major CoreWeave contracts helped drive a sharp pre-market stock rally.

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image for news Applied Digital's Q4 Earnings & Revenues Meet Estimates, Stock Up
Why Applied Digital Is Soaring Over 35% Right Now
APLD
Published: July 31, 2025 by: 24/7 Wall Street
Sentiment: Positive

Applied Digital signed a 15-year, 400 MW lease with CoreWeave worth $11 billion. Shares are up more than 35% as analysts raise targets and investors reposition APLD as a serious AI infrastructure provider.

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image for news Why Applied Digital Is Soaring Over 35% Right Now
Live Earnings: Applied Digital (APLD) Reports After the Bell Tonight
APLD
Published: July 30, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Applied Digital reports earnings after the bell tonight. Here are the key figures Wall Street is expecting: Revenue: $37.12 million Adjusted EPS: -$.16 Capital Expenditures: $154 million To get updates, simply leave this page open in a browser and new updates will load as they're posted.

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image for news Live Earnings: Applied Digital (APLD) Reports After the Bell Tonight
Applied Digital Stock Surges 94% in 3 Months: Is It Still a Buy?
APLD
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital Corporation's APLD shares have soared 94% over the past three months, reversing the downtrend seen through mid-April. The earlier weakness stemmed not from company-specific issues but broader industry headwinds, including lease cancellations by some hyperscalers during first-quarter 2025.

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image for news Applied Digital Stock Surges 94% in 3 Months: Is It Still a Buy?
Applied Digital: Why I Like The Stock Heading Into Earnings
APLD
Published: July 29, 2025 by: Seeking Alpha
Sentiment: Positive

I remain bullish on Applied Digital going into 4Q25. The recent cool down should be viewed as a buying opportunity ahead of Q4 earnings. Applied Digital's purpose-built, AI-focused data centers and strategic power access give it a significant edge over legacy competitors retrofitting older facilities. The CoreWeave deal validates Applied Digital's positioning, but its financial impact won't be seen until FY25; future lease expansions are likely.

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image for news Applied Digital: Why I Like The Stock Heading Into Earnings
Applied Digital Bets on AI Infrastructure: Execution Is Key
APLD
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD's $7B CoreWeave deal and pivot to AI infrastructure boost growth prospects, but execution risks remain high.

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image for news Applied Digital Bets on AI Infrastructure: Execution Is Key
Is Applied Digital Stock a Smart Buy Before Q4 Earnings Report?
APLD
Published: July 28, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD's fourth-quarter fiscal 2025 results are likely to benefit from rising demand for AI services and cryptocurrency mining.

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image for news Is Applied Digital Stock a Smart Buy Before Q4 Earnings Report?
Forget NVDA: These 3 AI Stocks Have 5x Potential
APLD, AWEVF, UPST
Published: July 24, 2025 by: 24/7 Wall Street
Sentiment: Positive

These AI stocks have multibagger upside potential over the coming years. The risk-reward ratio is more favorable compared to the popular big-cap alternatives.

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image for news Forget NVDA: These 3 AI Stocks Have 5x Potential
APLD Boosts Hyperscale Growth With 250MW AI Data Center Lease
APLD
Published: July 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital inks a 250MW lease agreement with CoreWeave at Ellendale, cementing its role as a rising force in AI hyperscale infrastructure.

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image for news APLD Boosts Hyperscale Growth With 250MW AI Data Center Lease
Will Applied Digital Corporation (APLD) Report Negative Earnings Next Week? What You Should Know
APLD
Published: July 23, 2025 by: Zacks Investment Research
Sentiment: Negative

Applied Digital Corporation (APLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Will Applied Digital Corporation (APLD) Report Negative Earnings Next Week? What You Should Know
Applied Digital vs. CoreWeave: Which AI Cloud Stock Is a Better Buy?
APLD, CRWV
Published: July 17, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD gains more than 150% in three months on AI data center momentum, while CRWV scales fast but may face valuation and margin pressures.

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image for news Applied Digital vs. CoreWeave: Which AI Cloud Stock Is a Better Buy?
With Cloud Revenues Sliding, Can Hosting Sustain APLD's Growth?
APLD
Published: July 15, 2025 by: Zacks Investment Research
Sentiment: Negative

As Applied Digital's Cloud revenues slip, its AI-driven hosting pivot hinges on leasing Ellendale and managing high CapEx demands.

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image for news With Cloud Revenues Sliding, Can Hosting Sustain APLD's Growth?
Applied Digital Sets Fiscal Fourth Quarter and Full Year 2025 Conference Call for Wednesday, July 30, 2025, at 5:00 p.m. Eastern Time
APLD
Published: July 14, 2025 by: GlobeNewsWire
Sentiment: Neutral

DALLAS, July 14, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, will host a conference call on Wednesday, July 30, 2025, at 5:00 p.m. Eastern Time to discuss its operations and financial results for the fiscal fourth quarter and full year ended May 31, 2025.

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image for news Applied Digital Sets Fiscal Fourth Quarter and Full Year 2025 Conference Call for Wednesday, July 30, 2025, at 5:00 p.m. Eastern Time
Can New AI-Focused Leases Offset APLD's Cloud Segment Decline?
APLD
Published: July 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital's AI data center leases show promise, but cloud losses and execution risk cloud its path to sustainable margin growth.

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image for news Can New AI-Focused Leases Offset APLD's Cloud Segment Decline?
Do Rising Costs Raise Red Flag Despite APLD's Revenue Growth?
APLD
Published: July 02, 2025 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital's revenues are rising fast, but surging costs, debt, and a pending cloud exit may raise concerns about its long-term growth story.

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image for news Do Rising Costs Raise Red Flag Despite APLD's Revenue Growth?
BASX Powers Advanced Cooling Innovation for Applied Digital's Purpose-Built AI Data Center Campus
AAON, APLD
Published: June 30, 2025 by: PRNewsWire
Sentiment: Neutral

At Applied Digital's Ellendale, North Dakota campus, BASX is deploying bespoke free cooling chillers — optimized for cold-climate operation, reducing power demand, and requiring zero water consumption REDMOND, Ore. , June 30, 2025 /PRNewswire/ -- BASX, a leader in advanced cooling and custom solutions for data centers and mission-critical environments, and a wholly owned subsidiary of AAON, Inc. (Nasdaq: AAON), a leading provider of high-performance, energy-efficient HVAC solutions, today announced a partnership with Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital").

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image for news BASX Powers Advanced Cooling Innovation for Applied Digital's Purpose-Built AI Data Center Campus
APLD Stock Significantly Beats Industry So Far in June: Is It a Buy?
APLD
Published: June 30, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD shares jumped 52% in June on AI tailwinds and a $7 billion CoreWeave deal, outpacing industry gains by a wide margin.

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image for news APLD Stock Significantly Beats Industry So Far in June: Is It a Buy?
APLD: A Turnaround in Profitability or Mirage Behind Adjusted EBITDA?
APLD
Published: June 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital posts a big jump in adjusted EBITDA, but a deeper look reveals mounting losses and strategic uncertainty ahead.

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image for news APLD: A Turnaround in Profitability or Mirage Behind Adjusted EBITDA?
Applied Digital: Now the High-Stakes Race to Build Begins
APLD
Published: June 17, 2025 by: MarketBeat
Sentiment: Neutral

The artificial intelligence (AI) revolution has ignited a modern gold rush, not for precious metals, but for the vast digital infrastructure required to power it. In this high-stakes environment, Applied Digital Corporation NASDAQ: APLD has made a bold pivot to position itself as a key contender.

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image for news Applied Digital: Now the High-Stakes Race to Build Begins
Applied Digital vs. Equinix: Which AI-Infra Stock Offers More Edge?
APLD, EQIX
Published: June 17, 2025 by: Zacks Investment Research
Sentiment: Positive

As artificial intelligence drives explosive demand for data center infrastructure, investors are increasingly eyeing companies powering this digital backbone. Applied Digital APLD and Equinix EQIX are two such stocks riding the AI infrastructure wave, but from very different angles.

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image for news Applied Digital vs. Equinix: Which AI-Infra Stock Offers More Edge?

About Applied Digital Corporation (APLD)

  • IPO Date 2022-04-13
  • Website https://applieddigital.com
  • Industry Information Technology Services
  • CEO Wesley Cummins
  • Employees 150

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.