Applied Digital’s (APLD) Buy Rating Reaffirmed at Lake Street Capital

Applied Digital (NASDAQ:APLD)‘s stock had its “buy” rating restated by equities research analysts at Lake Street Capital in a report issued on Tuesday,Benzinga reports. They presently have a $45.00 price target on the stock. Lake Street Capital’s target price indicates a potential upside of 82.11% from the company’s current price.

A number of other analysts have also commented on the company. Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Needham & Company LLC reissued a “buy” rating and issued a $41.00 price objective on shares of Applied Digital in a report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a report on Wednesday, October 8th. Compass Point initiated coverage on shares of Applied Digital in a research report on Monday, September 15th. They issued a “buy” rating for the company. Finally, B. Riley restated a “buy” rating on shares of Applied Digital in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Applied Digital Stock Performance

Applied Digital stock traded down $0.10 on Tuesday, reaching $24.71. 16,770,171 shares of the stock were exchanged, compared to its average volume of 34,690,523. Applied Digital has a twelve month low of $3.31 and a twelve month high of $40.20. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.29. The stock has a market cap of $6.90 billion, a PE ratio of -21.87 and a beta of 6.95. The firm has a fifty day moving average price of $28.15 and a two-hundred day moving average price of $20.74.

Applied Digital (NASDAQ:APLD) last announced its quarterly earnings results on Thursday, October 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. The firm had revenue of $64.22 million for the quarter, compared to analyst estimates of $52.25 million. Applied Digital had a negative net margin of 111.29% and a negative return on equity of 37.14%. The business’s revenue for the quarter was up 84.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) EPS. Sell-side analysts anticipate that Applied Digital will post -0.96 EPS for the current year.

Insider Transactions at Applied Digital

In other Applied Digital news, CFO Mohammad Saidal Lavanw Mohmand sold 100,000 shares of Applied Digital stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $34.08, for a total value of $3,408,000.00. Following the completion of the sale, the chief financial officer directly owned 158,912 shares in the company, valued at approximately $5,415,720.96. The trade was a 38.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Nottenburg sold 34,375 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $33.23, for a total value of $1,142,281.25. Following the completion of the transaction, the director directly owned 263,612 shares in the company, valued at approximately $8,759,826.76. This trade represents a 11.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 328,035 shares of company stock worth $11,376,479. Company insiders own 9.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Invesco Ltd. boosted its stake in Applied Digital by 76.1% during the first quarter. Invesco Ltd. now owns 192,789 shares of the company’s stock worth $1,083,000 after acquiring an additional 83,333 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Applied Digital by 11.7% during the first quarter. Wellington Management Group LLP now owns 19,056 shares of the company’s stock valued at $107,000 after purchasing an additional 2,001 shares during the period. Corebridge Financial Inc. raised its holdings in shares of Applied Digital by 2.0% during the first quarter. Corebridge Financial Inc. now owns 97,224 shares of the company’s stock valued at $546,000 after purchasing an additional 1,899 shares during the period. AQR Capital Management LLC boosted its position in shares of Applied Digital by 84.8% during the 1st quarter. AQR Capital Management LLC now owns 18,945 shares of the company’s stock worth $106,000 after purchasing an additional 8,692 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Applied Digital by 27.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,146,400 shares of the company’s stock valued at $12,063,000 after buying an additional 462,527 shares during the period. Institutional investors and hedge funds own 65.67% of the company’s stock.

Key Headlines Impacting Applied Digital

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

• Positive Sentiment: Applied Digital and EKSO announced a proposed business combination to spin out Applied Digital Cloud into a new company called ChronoScale aimed at high‑performance AI compute, positioning the new entity to address growing GPU demand. Applied Digital to Spin Out Cloud Business, Proposes Business Combination with EKSO to Launch ChronoScale
• Positive Sentiment: Market reports and trade coverage highlight investor enthusiasm and “spin‑off buzz,” which likely helped lift APLD shares as the market favors clear capital‑allocation moves and standalone AI/cloud assets. Applied Digital Stock Moves Higher on Spin-Off Buzz
• Positive Sentiment: Multiple headlines note the AI/cloud spinoff and ChronoScale launch as the direct catalyst for the stock’s gain, reinforcing the narrative that the company is leaning into AI infrastructure demand. Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch
• Neutral Sentiment: Coverage from brokerage/news aggregators lists APLD among top movers after the announcement; these pieces summarize price action but do not add new deal details. Biggest stock movers Tuesday: Applied Digital, FONAR Corporation and Society Pass
• Neutral Sentiment: Headline coverage noting a ~3% intraday move after the cloud spinoff announcement—useful for short‑term traders but does not change fundamentals by itself. Applied Digital (APLD) jumps 3% on cloud business spinoff
• Neutral Sentiment: Reports note Ekso’s AI‑focused merger intent with Applied Digital; the announcement is an early, non‑binding step and will require definitive agreements, financing and regulatory review. Ekso Bionics Plans AI-Focused Merger With Applied Digital
• Negative Sentiment: Recent analysis explains why APLD fell on the prior trading day, highlighting the stock’s volatility, execution risk around restructuring and possible investor concerns about dilution or timing—factors that could counterbalance enthusiasm if the deal stalls or terms change. Why Applied Digital Stock Fell On Friday?
• Neutral Sentiment: Additional small‑business coverage summarizes the spin‑out plan without new material details; good for context but not incremental to the market move. Applied Digital to spin out cloud business with Ekso
• Neutral Sentiment: Broader AI stock roundups mention APLD among companies that could benefit from an AI upcycle; useful thematic support but not a direct company catalyst. 2 Artificial Intelligence Stocks That Could Soar in the Next Bull Market

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.