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

Needham & Company LLC restated their buy rating on shares of Applied Digital (NASDAQ:APLD) in a research note published on Tuesday, Marketbeat.com reports. Needham & Company LLC currently has a $83.00 price target on the stock.

Several other research analysts have also recently weighed in on APLD. Morgan Stanley started coverage on shares of Applied Digital in a report on Thursday, July 23rd. They issued a “buy” rating and a $36.50 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research note on Tuesday, July 21st. B. Riley Financial reaffirmed a “buy” rating and issued a $66.00 price target (up from $53.00) on shares of Applied Digital in a report on Wednesday, May 27th. Lucid Cap Mkts upgraded Applied Digital to a “strong-buy” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Applied Digital has a consensus rating of “Buy” and an average target price of $67.15.

Applied Digital Price Performance

Applied Digital stock opened at $27.97 on Tuesday. The firm has a market capitalization of $7.99 billion, a P/E ratio of -31.43 and a beta of 5.67. Applied Digital has a one year low of $11.40 and a one year high of $50.72. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. The business has a fifty day moving average price of $37.61 and a 200-day moving average price of $34.39.

Applied Digital (NASDAQ:APLD) last posted its earnings results on Monday, July 27th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.30). The company had revenue of $240.35 million for the quarter, compared to analysts’ expectations of $96.85 million. Applied Digital had a negative net margin of 37.78% and a negative return on equity of 17.53%. The firm’s quarterly revenue was up 406.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) EPS. As a group, equities research analysts forecast that Applied Digital will post -1.1 EPS for the current year.

Hedge Funds Weigh In On Applied Digital

Hedge funds have recently modified their holdings of the company. Cannon Capital Management Inc. purchased a new position in Applied Digital during the 4th quarter valued at about $3,635,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Applied Digital during the 4th quarter valued at approximately $2,674,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Applied Digital in the 4th quarter valued at approximately $1,284,000. M&T Bank Corp purchased a new stake in Applied Digital in the fourth quarter worth $2,232,000. Finally, TFR Capital LLC. purchased a new position in Applied Digital during the fourth quarter valued at $1,741,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Key Stories Impacting Applied Digital

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

• Positive Sentiment: Lucid Capital initiated or reiterated a Buy view on Applied Digital, adding to the positive analyst support for the shares. Applied Digital Corporation Receives a Buy from Lucid Capital
• Positive Sentiment: Needham & Company reaffirmed its Buy rating, signaling continued confidence in Applied Digital’s AI and high-performance-computing data-center strategy. Needham Reaffirms Buy Rating
• Positive Sentiment: A bullish analysis highlighted fiscal 2026 revenue of $258.7 million, non-GAAP EPS of $0.04, and $36 billion of contracted lease value—up 125% year over year. Investment-grade hyperscaler customers could provide greater visibility into long-term cash flows. Applied Digital Blowout FY 2026
• Neutral Sentiment: Zacks upgraded Applied Digital from Strong Sell to Hold, representing an improvement in its view but not a bullish recommendation. Zacks Research
• Negative Sentiment: Applied Digital’s recent quarterly results included a larger-than-expected per-share loss despite substantial revenue growth. The company’s negative margins and elevated debt-to-equity ratio remain risks as it funds expansion.
• Negative Sentiment: Applied Digital and other former Bitcoin miners pivoting to AI data centers have fallen sharply over the past month. The sector selloff raises concerns about stretched valuations, financing needs, power availability, and whether the AI infrastructure growth thesis can meet expectations. Data Center Stock Selloff
• Negative Sentiment: Reports that Citadel acquired much of the Situational Awareness portfolio after losses in leveraged AI infrastructure equities underscore broader forced selling and risk reduction in the AI trade, potentially weighing on comparable stocks such as APLD. Citadel Buys Situational Awareness Portfolio

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.