Applied DigitalAPLD
APLD
About: Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments; Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business which operates data centers to provide energized space to crypto mining customers.
Employees: 150
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
205% more call options, than puts
Call options by funds: $140M | Put options by funds: $45.9M
148% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 25
122% more capital invested
Capital invested by funds: $501M [Q2] → $1.11B (+$612M) [Q3]
118% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 28
26% more funds holding
Funds holding: 132 [Q2] → 166 (+34) [Q3]
14% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 8 (+1) [Q3]
5.12% more ownership
Funds ownership: 57.99% [Q2] → 63.11% (+5.12%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10
29%
upside
Avg. target
$10.50
35%
upside
High target
$11
42%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Needham John Todaro 87% 1-year accuracy 55 / 63 met price target | 42%upside $11 | Buy Reiterated | 1 Nov 2024 |
HC Wainwright & Co. Kevin Dede 53% 1-year accuracy 32 / 60 met price target | 29%upside $10 | Buy Maintained | 16 Oct 2024 |
Financial journalist opinion
Based on 9 articles about APLD published over the past 30 days
Positive
Zacks Investment Research
3 days ago
APLD Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
Applied Digital's second-quarter fiscal 2025 results are likely to benefit from an expanding data center capacity. However, stretched valuation is a concern.
Positive
Seeking Alpha
1 week ago
Applied Digital: Building A Starter Position On This High Growth Play
Applied Digital is transitioning from operating data centers for crypto mining customers to building and operating data centers for larger hyperscaler companies. There is significant growth potential ahead as they are close to signing a 100MW lease deal with a hyperscaler and seeing high interest for an additional 300MW of capacity. The ~$880 million annual revenue potential if the 400MW of capacity gets leased out is far from being priced in by consensus revenue estimates.
Neutral
GlobeNewsWire
1 week ago
Applied Digital Welcomes Laura Laltrello as Chief Operating Officer
Applied Digital welcomes Laura Laltrello as Chief Operating Officer, enhancing the company's leadership in next-generation data centers and digital cloud.
Positive
The Motley Fool
1 week ago
7 Magnificent Stocks That Can Double Your Money in 2025
The second year of Wall Street's bull market rally didn't disappoint. When the closing bell tolled on Dec. 31, the ageless Dow Jones Industrial Average, benchmark S&P 500, and growth stock-focused Nasdaq Composite had respectively gained 13%, 23%, and 29%, with all three indexes rallying to record-closing highs multiple times in 2024.
Positive
Seeking Alpha
1 week ago
Applied Digital: A Generational Opportunity In The HPC Data Center Industry
Applied Digital could announce the signing of its $2.2 billion lease agreement and a new lease with another hyperscaler during its Q2 earnings on January 14th after hours. Applied Digital's HPC data centers could have a technological edge over existing data centers due to its close relationship with Nvidia, whose engineers helped design the company's Ellendale data center. The strategic location of Applied Digital's data centers in the Dakotas presents significant cost saving opportunities to hyperscalers.
Positive
Zacks Investment Research
3 weeks ago
Applied Digital Stock Rises 48% in 6 Months: Buy, Sell or Hold?
APLD shares benefit from an expanding data center capacity, which aids top-line growth. However, stretched valuation is a concern.
Neutral
PRNewsWire
3 weeks ago
NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust Offering
ATLANTA , Dec. 19, 2024 /PRNewswire/ -- NEWSTAR Exchange, a subsidiary of NEWSTAR, announced today that it has acquired Hadley Crossing by Stella Homes, a single-family rental subdivision located in Charlotte, North Carolina, and launched a new Delaware Statutory Trust offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031. The property was developed by NEWSTAR and features 44, 4-bedroom detached homes with two-car attached garages.
Neutral
GlobeNewsWire
3 weeks ago
Applied Digital Sets Fiscal Second Quarter 2025 Conference Call for Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time
DALLAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, will host a conference call on Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time to discuss its operations and financial results for the fiscal second quarter ended November 30, 2024. A press release detailing these results will be issued after the market closes on the same day.
Neutral
GlobeNewsWire
3 weeks ago
Applied Digital Announces Ellendale HPC Data Center Development Milestone
ELLENDALE, N.D., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced a major milestone in the development of its purpose-built HPC data center in Ellendale, N.D.
Positive
Zacks Investment Research
1 month ago
Applied Digital Corporation (APLD) is a Great Momentum Stock: Should You Buy?
Does Applied Digital Corporation (APLD) have what it takes to be a top stock pick for momentum investors? Let's find out.
Charts implemented using Lightweight Charts™