APPLIED DIGITAL CORPORATION (APLD)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-10-29
$19.41-4.81%
Close 2026-10-29 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-10-29
Research Workspace
Put APLD beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
IT Consulting & Other Services is in recovery. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRanks in the weakest quality tier of its industry — roughly the bottom 17%, softest on free-cash-flow yield.
View QualityManagement screens weak on capital allocation, earnings delivery, margins, the balance sheet.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 4% on a typical day and fell roughly 64% in its worst 12-month stretch.
View RiskAPLD’s HPC and data center hosting growth must sustain rapid revenue expansion, despite weak recent financial performance. Revenue grew 322% year over year in Q1 FY2027, and the latest non-GAAP result beat consensus. APLD trades at 9× sales versus a 1× peer median and 20× its own history. The price reflects less growth than our forecast, though the premium leaves room for compression. Our model puts the next-quarter miss probability near 54%. Peer multiples imply a price about 45% below where it trades; our read remains intact. This read is provisional.
Trailing returns as of 2026-10-29. APLD is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 16 analysts currently covering APLD (as of Oct 2026).
Based on 6 Wall Street analysts offering 12-month price targets for APLD in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| APLD Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across our valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No fair value published
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
This applies to all three horizons. The trailing multiples, peer comparison, and quality and trajectory reads on this page are unaffected. Names move in and out of this state day to day as the methods converge or diverge. Method agreement on this name is low.
Bottom 25% on quality vs scored peers
A price-focused, side-by-side fair-value read versus IT Consulting & Other Services — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put APLD next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand AI Factory campuses and contracted portfolio
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $19.41
The last 12 months of price, then the range of analyst 12-month targets from today’s $19.41.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Texas AI data center pact supports campus expansion; analyst call adds sentiment, but details are absent.
President's sizable share purchase signals confidence, but does not change operating fundamentals.
Advances: Grow revenue through HPC and Data Center Hosting businesses
Revenue growth supports expansion, but widening losses highlight investment costs and profitability risk.
Advances: Expand AI Factory campuses and contracted portfolio
Multi-gigawatt target and near-term capacity additions materially raise growth ambition and delivery expectations.
Advances: Grow revenue through HPC and Data Center Hosting businesses
Earnings call provides management's detailed operating update on growth, financing, and execution.
Advances: Grow revenue through HPC and Data Center Hosting businesses
Top-line beat amid data center growth supports revenue execution.
Advances: Grow revenue through HPC and Data Center Hosting businesses
Earnings beat confirms robust performance in HPC and hosting.
Advances: Expand AI Factory campuses and contracted portfolio
Analyst rating supports growth in AI Factory campuses.
