Applied Digital (APLD) stock has surged 540% over the past year and 88% so far this year as investors grow more bullish on the company’s expanding AI data center business and rising hyperscaler demand. The latest boost came after Applied signed another major 15-year lease agreement at its Polaris Forge 3 campus, prompting several Wall Street analysts to raise their price targets on the stock. However, despite the strong rally, analysts still see meaningful upside ahead for APLD shares. Here’s what they currently expect for APLD stock.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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Latest Analysts’ Views on APLD Stock
On Wall Street, analysts raised their price targets on APLD stock.
Most recently, Compass Point analyst Michael Donovan raised his price target on Applied stock to $70 from $45 while maintaining a Buy rating. Donovan said the most important part of the latest deal was that the same hyperscaler customer returned for more capacity less than a month after signing the Delta Forge 1 agreement.
