Streetbeat News

APLD

Applied Digital Corporation

https://www.applieddigital.com

Industry

Financial - Capital Markets

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the performance computing industry. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation was incorporated in 2001 and is based in Dallas, Texas.

Open

7.01

Mkt cap

1.6B

Volume

22M

High

7.57

P/E Ratio

-5.88

52-wk high

9.48

Low

6.90

Div yield

N/A

52-wk low

2.36

ASTS, APLD, and PX have been identified as top momentum stocks by Zacks Rank #1 (Strong Buy) for November 15, 2024.

Portfolio Pulse from

November 15, 2024 | 4:30 pm

Zacks has added FHI, RJF, ASTS, APLD, and SPRO to its Rank #1 (Strong Buy) list as of November 15, 2024, indicating a positive outlook for these stocks.

Portfolio Pulse from

November 15, 2024 | 11:00 am

Shares of Applied Digital (APLD) surged over 4% in extended trading after Nvidia (NVDA) reported a stake in the company.

Portfolio Pulse from

November 14, 2024 | 11:30 pm

Wall Street analysts have set an average price target for Applied Digital Corporation (APLD) that suggests a potential upside of 37.5%. This optimism is supported by positive trends in earnings estimate revisions, which could lead to a stock rally.

Portfolio Pulse from

November 08, 2024 | 4:00 pm

Applied Digital (NASDAQ:APLD) has received 13 bullish analyst ratings in the past three months, with an average 12-month price target of $10.15, reflecting a 9.02% increase from the previous target. The company has shown significant revenue growth and strong net margins, but faces challenges with return on equity.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 4:00 pm

Needham analyst John Todaro has reiterated a Buy rating on Applied Digital (NASDAQ:APLD) and maintained a price target of $11.