Applied Digital (NASDAQ:APLD) Earns “Buy” Rating from Lake Street Capital

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

Several other equities analysts have also weighed in on the company. Citigroup restated an “outperform” rating on shares of Applied Digital in a research note on Tuesday. Craig Hallum increased their target price on Applied Digital to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. HC Wainwright lifted their target price on Applied Digital from $20.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 10th. B. Riley restated a “buy” rating on shares of Applied Digital in a report on Wednesday, October 22nd. Finally, Northland Securities reissued an “outperform” rating and set a $40.00 price objective on shares of Applied Digital in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.00.

Applied Digital Price Performance

Applied Digital stock traded down $0.10 during mid-day trading on Tuesday, reaching $24.71. 16,770,171 shares of the company’s stock traded hands, compared to its average volume of 34,690,523. The stock has a 50 day moving average of $28.15 and a two-hundred day moving average of $20.74. Applied Digital has a 12-month low of $3.31 and a 12-month high of $40.20. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.29. The company has a market cap of $6.90 billion, a price-to-earnings ratio of -21.87 and a beta of 6.95.

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

Insider Transactions at Applied Digital

In related news, Director Ella G. Benson sold 42,569 shares of Applied Digital stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $35.30, for a total transaction of $1,502,685.70. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Also, Director Chuck Hastings sold 25,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $34.27, for a total value of $856,750.00. Following the sale, the director owned 426,612 shares in the company, valued at $14,619,993.24. This trade represents a 5.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 328,035 shares of company stock worth $11,376,479 in the last 90 days. Insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its position in shares of Applied Digital by 1.0% during the 3rd quarter. ProShare Advisors LLC now owns 36,652 shares of the company’s stock valued at $841,000 after acquiring an additional 376 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Applied Digital by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 5,951 shares of the company’s stock valued at $137,000 after acquiring an additional 408 shares during the period. Wedbush Securities Inc. boosted its stake in Applied Digital by 5.7% during the third quarter. Wedbush Securities Inc. now owns 10,785 shares of the company’s stock valued at $247,000 after buying an additional 585 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Applied Digital by 70.0% in the 3rd quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock worth $40,000 after purchasing an additional 719 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Applied Digital by 51.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,306 shares of the company’s stock worth $53,000 after acquiring an additional 787 shares in the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Key Stores 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

Applied Digital Company Profile

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.