Why is Applied Digital stock falling on Thursday?
Applied Digital Corp APLD stock fell Thursday as it continued downward momentum from the prior trading session. The decline ...
Model output · Signal date 2026-10-16
Applied Digital Corp. (APLD) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · Nasdaq
Rating · 90D
▲ Bullish
Exact rating locked
90-day forecast
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30-day forecast
Total
Rank in coverage
Top 35%
of 5185 stocks scored
Rank correlation · 90D
35.0%
Spearman, 357 dates
Market Cap
$5.26B
mid-cap · #10 of 60 peers
Summary
Applied Digital Corp. (APLD) stock forecast summary
Our AI ranks Applied Digital Corp. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Applied Digital Corp. is a mid-cap company with a market capitalization of $5.26B. It ranks number 10 by market capitalization among the 60 Services-Computer Processing & Data Preparation issuers in our coverage with a current forecast.
For APLD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 35.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 21.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.1%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, APLD included.
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APLD price chart and AI forecast
Cross-section · 2026-10-16
How APLD ranks among 5185 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-08-31
Applied Digital Corp. (APLD) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Computer Processing & Data Preparation peers listed below that report each metric.
Valuation & Market
| Metric | APLD | Rank |
|---|---|---|
| Market Cap | $5.26B | 10/60 |
| P/B Ratio | 3.28x | 24/47 |
| EPS | $-1.66 | – |
| Book Value/Share | $5.50 | – |
| Revenue/Share | $3.05 | – |
| FCF/Share | $-15.29 | – |
Profitability & Margins
| Metric | APLD | Rank |
|---|---|---|
| ROE | -26.1% | 23/31 |
| ROA | -3.6% | 21/33 |
| ROIC | -2.7% | 26/39 |
| Gross Margin | 34.0% | 32/41 |
| Operating Margin | -31.1% | 36/46 |
| Net Margin | -47.0% | 26/33 |
| EBT Margin | -36.2% | 37/47 |
| Tax Rate | -1.1% | – |
Financial Health
| Metric | APLD | Rank |
|---|---|---|
| Current Ratio | 2.56x | 16/51 |
| D/E Ratio | 4.93x | 3/51 |
| Financial Leverage | 7.31x | 3/45 |
| Interest Coverage | -0.3x | 29/44 |
| Working Capital | $2.49B | 2/51 |
Cash Flow
| Metric | APLD | Rank |
|---|---|---|
| Operating Cash Flow | $236M | 16/49 |
| Free Cash Flow | -$4.46B | 35/35 |
| Capital Spending | -$4.69B | 35/35 |
| FCF/Sales | -501.2% | 35/35 |
| CapEx/Sales | 527.7% | 1/35 |
Operational Efficiency
| Metric | APLD | Rank |
|---|---|---|
| Asset Turnover | 0.08x | 31/33 |
| Receivables Turnover | 7.8x | 16/35 |
| Fixed Assets Turnover | 0.1x | 35/35 |
| Days Sales Outstanding | 47 days | 20/35 |
| Payables Period | 209 days | 6/29 |
Income Statement
| Metric | APLD | Rank |
|---|---|---|
| Total Revenue | $889M | 18/38 |
| Operating Income | -$277M | 48/48 |
| Net Income | -$417M | 34/35 |
| SG&A Expense | $418M | 22/43 |
| Cost of Goods Sold | $587M | 10/42 |
Dividend & Shareholder Information
| Metric | APLD | Rank |
|---|---|---|
| Shares Outstanding | 291M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $4.08B | 42.9% of assets |
| Cash & Short-term Investments | $2.95B | 31.0% of assets |
| Accounts Receivable | $114M | 1.2% of assets |
| Total Liabilities | $7.91B | 83.1% of assets |
| Short-term Debt | $1.26B | 13.2% of assets |
Quarterly Financial Reports
APLD quarterly financials and insider trading
Industry Peers · Services-Computer Processing & Data Preparation
Applied Digital Corp. (APLD) industry peers
Companies classified under the same SEC industry code as Applied Digital Corp. (Services-Computer Processing & Data Preparation): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| APLD Applied Digital Corp. | ▲ | $5.26B |
| ADP Automatic Data Processing Inc | ▼ | $114.77B |
| WDAY Workday, Inc. | ▶ | $45.99B |
| RDDT Reddit, Inc. | ▲ | $29.97B |
| VRSK Verisk Analytics, Inc. | ▼ | $26.61B |
| TOST Toast, Inc. | ▶ | $18.28B |
| HNGE Hinge Health, Inc. | ▲ | $8.00B |
| RNG Ringcentral, Inc. | ▲ | $6.30B |
| BILI Bilibili Inc. | ▶ | $5.88B |
| PEGA Pegasystems Inc | ▲ | $5.68B |
| QBTS D-Wave Quantum Inc. | ▲ | $4.35B |
| JOYY Joyy Inc. | ▼ | $4.21B |
| LIF Life360, Inc. | ▲ | $3.35B |
| FA First Advantage Corp | ▶ | $3.29B |
| LFTO Liftoff Mobile, Inc. | ▼ | $2.80B |
| CARG Cargurus, Inc. | ▲ | $2.70B |
| FIVN Five9, Inc. | ▲ | $2.41B |
| ATHM Autohome Inc. | ▶ | $2.40B |
| RAMP Liveramp Holdings, Inc. | ▼ | $2.28B |
| DXC Dxc Technology Co | ▼ | $2.18B |
| INFQ Infleqtion, Inc. | ▼ | $1.93B |
| EVTC Evertec, Inc. | ▼ | $1.86B |
| INOD Innodata Inc | ▲ | $1.82B |
| GLOB Globant S.A. | ▶ | $1.73B |
| HAWK Hawkeye 360, Inc. | ▶ | $1.22B |
| CLVT Clarivate Plc | ▲ | $1.17B |
| GDRX Goodrx Holdings, Inc. | ▲ | $1.15B |
| UPWK Upwork, Inc | ▲ | $1.05B |
| LZ Legalzoom.Com, Inc. | ▶ | $1.04B |
| SHAZ Sharonai Holdings Inc. | ▲ | $952M |
| PLTK Playtika Holding Corp. | ▲ | $805M |
| TASK Taskus, Inc. | ▲ | $754M |
| BRUN Boost Run Inc. | ▼ | $707M |
| DDI Doubledown Interactive Co., Ltd. | ▼ | $684M |
| YEXT Yext, Inc. | ▶ | $683M |
| NRDS Nerdwallet, Inc. | ▶ | $640M |
| IBEX Ibex Ltd | ▶ | $606M |
| SOPH Sophia Genetics Sa | ▲ | $573M |
| CARS Cars.Com Inc. | ▲ | $547M |
| OOMA Ooma Inc | ▲ | $544M |
| GRVY Gravity Co., Ltd. | ▼ | $464M |
| EGHT 8x8 Inc /De/ | ▲ | $280M |
| TRVG Trivago N.V. | ▲ | $280M |
| GLOO Gloo Holdings, Inc. | ▲ | $280M |
| MOVE Corvex, Inc. | ▶ | $254M |
| FCCN Spectral Capital Corp | ▲ | $221M |
| FIRY Firy Inc. | ▲ | $191M |
| AIAI Aiai Holdings Corp | ▼ | $189M |
| SSTK Shutterstock, Inc. | ▲ | $164M |
| TRAK Repositrak, Inc. | ▶ | $131M |
| QMLS Qumulusai, Inc. | ▼ | $127M |
| TCX Tucows Inc /Pa/ | ▲ | $114M |
| BHIC Bioscience Health Innovations, Inc. | ▶ | $80M |
| VERI Veritone, Inc. | ▲ | $54M |
| DTCX Datacentrex, Inc. | ▶ | $51M |
| CAST Freecast, Inc. | ▶ | $50M |
| PHUN Phunware, Inc. | ▲ | $42M |
| SJ Scienjoy Holding Corp | ▲ | $38M |
| DGNX Diginex Ltd | ▶ | $34M |
| GMHS Gamehaus Holdings Inc. | ▶ | $34M |
Where APLD sits on the market map
Technology · Services-Computer Processing & Data Preparation
News
Applied Digital Corp. (APLD) stock news
Applied Digital Director Richard Nottenburg Offloads 31,250 Shares at $21.84 Each
Richard N. Nottenburg sold 31,250 shares of Applied Digital Corp. common stock on October 13, 2026. Average Sale Price: The ...
Applied Digital CEO Wes Cummins Vests 100,000 RSUs and Withholds 39,350 Shares for Taxes on October 10, 2026
RSU Vesting: 100,000 restricted stock units vested on October 10, 2026, from an RSU grant dated October 10, 2024. Tax ...
FAQ
Applied Digital Corp. (APLD) stock forecast FAQ
What is the Applied Digital Corp. (APLD) stock forecast?
Our AI ranks Applied Digital Corp. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Applied Digital Corp. stock predictions?
For APLD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 35.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 21.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Applied Digital Corp. forecasts updated?
Applied Digital Corp. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Applied Digital Corp.'s industry peers?
60 issuers in our coverage, APLD included, share the SEC industry code Services-Computer Processing & Data Preparation. The largest are: Automatic Data Processing Inc (ADP), Workday, Inc. (WDAY), Reddit, Inc. (RDDT), Verisk Analytics, Inc. (VRSK), Toast, Inc. (TOST), Hinge Health, Inc. (HNGE).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.