Applied Digital Corporation

The trend remains powerful and extended, with the stock still well above its 200-day average and near the upper end of its 52-week range. That keeps the multi-month regime bullish, though the move has already traveled far from the base and can be prone to sharp swings.

Street sentiment is firmly constructive: consensus sits at Buy with a $66.77 average target, above the current trading range and supported by 13 Buy ratings and no Holds or Sells. Recent action has been mostly target raises, including Needham to $83, Compass Point and Lake Street to $70, and Needham to $66.

The company has a strong beat streak, with 7 straight EPS beats and the last reported quarter topping estimates by 142.9%. Next quarter is expected to show a -$0.17 EPS loss, so shareholders should watch whether revenue growth and margin discipline keep the loss contained.

Recent insider activity leans negative on the discretionary side, with three open-market sales from directors and no open-market buys. Most other filings are exemption, vesting, or in-kind items tied to compensation mechanics, so the main signal is that senior holders have been trimming rather than adding.

Growth is strong, but profitability remains negative. Revenue grew 139.3% year over year, yet the company still posted a -59.47% net margin and -20.47% operating margin, with a -5.56% ROE. The balance sheet carries $702.9 million of debt against $113.9 million of cash, leaving net debt of $589.0 million.

APLD stands out as a high-beta AI infrastructure name with 5.644 beta and a market cap above $11.7 billion, so it trades more like a momentum compounder than a slow utility-like data center peer. The valuation remains rich at a negative 107.75 P/E, reflecting expectations for future scale rather than current earnings.