Applied Digital Corporation(APLD)NASDAQ
Stock Overview & Analysis
Applied Digital Corporation (APLD) quick overview 2026-02-20
- The stock is currently trading at $29.04, experiencing a short-term pullback within a larger uptrend—trading below its 50-day average while holding above the 200-day.
- Analysts appear optimistic, with a 1-year price target of $45.27 (55.9% upside).
- Volatility is elevated (121.12% annualized), implying wide price swings.
- The fundamental story is nuanced: solid revenue growth (2.50% YoY) alongside significant competitive pressures.
Here's What You Need to Know Right Now
Concise, actionable context
Applied Digital Corporation - Historical Price & Volume
Market Cap
Enterprise Value: $10.24B
P/E Ratio
Forward P/E: -35.21
Revenue Growth
Year over Year
Analyst Target
+55.9% upside potential
Key Investor Questions
Clarity over jargon
- Technicals say: Neutral (RSI 35.51)
- Fundamentals say: Caution warranted (high leverage concerns)
- Future growth will depend on performance in core Information Technology Services operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
- $2.61B in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Information Technology Services.
Trading Range
Over the past year, the stock traded between $3.31 and $42.27—recovering meaningfully from lows and currently near the higher end. Big swings are likely unless a major catalyst emerges.
Volatility
With 121.12% annualized volatility and β=7.18, the stock exhibits high sensitivity to market moves—suitable for investors comfortable with active risk management.
Ownership Snapshot
High institutional backing, but elevated short interest signals a potential battleground stock.
Analyst Sentiment
Latest News
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We recently published 10 Losing Stocks in an Otherwise Optimistic Market. Applied Digital Corp. (NASDAQ:APLD) was one of the worst performers on Wednesday. Applied Digital extended its losing streak to a sixth straight day on Wednesday, dropping 4.92 percent to close at $31.91 apiece, as investor sentiment was further dragged by news that Nvidia Corp. […]
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Nvidia Exit Tests Applied Digital’s AI Factory And ChronoScale Ambitions
Nvidia has fully exited its equity position in Applied Digital (NasdaqGS:APLD), closing out its stake in the company. Applied Digital has started construction on a new AI Factory campus focused on high performance compute and AI workloads. The company reports long term lease revenues with hyperscalers tied to its data center footprint. Applied Digital’s cloud subsidiary is set to merge with Ekso Bionics to create ChronoScale, with Applied Digital receiving significant board and governance...
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Nvidia disclosed in a filing on Tuesday that it no longer held shares in Applied Digital, drug-discovery company Recursion Pharmaceuticals, and autonomous-driving company WeRide.
Frequently Asked Questions
Common investor questions about Applied Digital Corporation
Applied Digital Corporation (APLD) is currently trading at $29.04. The RSI (14-day) is at 35.5, indicating neutral territory. Wall Street analysts have a consensus "strong_buy" recommendation. The mean analyst price target of $45.27 implies 55.9% upside from current levels. Volatility is high at 121.1% annualized, meaning significant price swings are common. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for Applied Digital Corporation (APLD): The trailing P/E ratio is not available (the company may not be profitable). The forward P/E is -35.21. Price-to-Book is 6.07. Price-to-Sales is 33.37. Valuation should be compared to Information Technology Services industry peers for context, as different sectors trade at different multiples.
Based on 11 analysts covering APLD, the consensus price target is $45.27. This represents a 55.9% upside from the current price of $29.04. The range spans from a low target of $36.00 to a high target of $58.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "strong_buy". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
Applied Digital Corporation (APLD) does not currently pay a regular dividend. The company may be reinvesting profits into growth initiatives, or may not yet be profitable enough to distribute earnings to shareholders.
Key risks for Applied Digital Corporation (APLD) investors include: 1. High volatility (121.1% annualized)—the stock can experience significant daily price swings. 2. Elevated debt levels (D/E ratio of 125.91) which could pressure margins in a rising rate environment. 3. The company is not currently profitable on a trailing basis, which creates earnings uncertainty. 4. Elevated short interest (33.7% of float) suggests significant bearish sentiment. 5. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 6. Information Technology Services sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is Applied Digital Corporation's (APLD) current debt and financial health profile: Total debt stands at $2.61B. The debt-to-equity ratio is 125.91, which is elevated and warrants monitoring, especially in a rising interest rate environment. The current ratio is 4.82, indicating strong short-term liquidity. The quick ratio is 3.43. The company holds $1.91B in cash and equivalents. Free cash flow is negative at $-1,606,530,304, which could limit the company's ability to manage debt obligations.