Applied Digital (APLD) – Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Applied Digital (NASDAQ: APLD):

• 10/21/2026 – Applied Digital was given a new $35.00 price target by Roth Capital. They now have a “buy” rating on the stock.
• 10/21/2026 – Applied Digital is now covered by Roth Capital. They set a “buy” rating and a $35.00 price target on the stock.
• 10/19/2026 – Applied Digital had its “sell (d-)” rating reaffirmed by Weiss Ratings.
• 10/9/2026 – Applied Digital was given a new $41.00 price target by Morgan Stanley. They now have an “equal weight” rating on the stock.
• 10/8/2026 – Applied Digital had its “buy” rating reaffirmed by UBS Group.
• 10/8/2026 – Applied Digital had its “overweight” rating reaffirmed by Wells Fargo & Company. They now have a $55.00 price target on the stock, up from $50.00.
• 10/8/2026 – Applied Digital had its “market outperform” rating reaffirmed by Citigroup.
• 10/8/2026 – Applied Digital had its price target lowered by Needham & Company LLC from $83.00 to $70.00. They now have a “buy” rating on the stock.
• 9/23/2026 – Applied Digital is now covered by UBS Group. They set a “buy” rating and a $38.00 price target on the stock.
• 9/23/2026 – Applied Digital is now covered by UBS Group. They set a “buy” rating and a $38.00 price target on the stock.
• 9/21/2026 – Applied Digital was given a new $22.00 price target by Rothschild & Co Redburn. They now have a “neutral” rating on the stock.
• 9/21/2026 – Applied Digital is now covered by Rothschild & Co Redburn. They set a “neutral” rating and a $22.00 price target on the stock.
• 9/17/2026 – Applied Digital is now covered by Wells Fargo & Company. They set an “overweight” rating and a $50.00 price target on the stock.
• 9/17/2026 – Applied Digital is now covered by Wells Fargo & Company. They set an “overweight” rating and a $50.00 price target on the stock.
• 8/30/2026 – Applied Digital was downgraded by Wall Street Zen from “sell” to “strong sell”.

Insider Transactions at Applied Digital

In other news, CEO Wes Cummins purchased 55,803 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was bought at an average price of $18.04 per share, with a total value of $1,006,686.12. Following the acquisition, the chief executive officer directly owned 5,874,453 shares of the company’s stock, valued at approximately $105,975,132.12. This represents a 0.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Jason Gechen Zhang acquired 300,000 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was purchased at an average price of $18.86 per share, with a total value of $5,658,000.00. Following the transaction, the president owned 2,839,227 shares in the company, valued at $53,547,821.22. This represents a 11.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 9.50% of the company’s stock.

Applied Digital Corporation (NASDAQ: APLD) develops and operates digital infrastructure designed to support high-performance computing and artificial intelligence applications. The company provides data-center capacity, hosting services and related infrastructure for customers that require substantial computing power and energy resources.

Its business includes high-performance computing data centers and cloud services intended to support artificial intelligence, machine learning, cryptocurrency mining and other compute-intensive workloads.