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Barchart

Subhasree Kar

Analysts Are Still Betting That Applied Digital Stock Can More Than Double Over the Next 12 Months

Applied Digital APLD

Wall Street’s conviction around Applied Digital Corporation (APLD) remains strikingly bullish, even after the stock’s massive run over the past year. Despite near-term volatility tied to execution risks and capital intensity, analysts continue to view the company as a prominent artificial intelligence (AI) infrastructure play with upside, driven by surging demand for hyperscale data center capacity.

Notably, the Street-high price target stands at $99, issued by Arete Research, implying well over 200% upside from recent trading levels. This bullish target reflects expectations that Applied Digital can rapidly scale its high-performance computing (HPC) hosting platform and secure long-term hyperscaler contracts, positioning it as a critical enabler of the AI buildout cycle.

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