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APLD

Applied DigitalA
Nasdaq / Software & Services
Last Price
Quote time unavailable
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Current thesis
Large take-or-pay hyperscaler commitments, approximately 810 MW across the three newly disclosed leases, strong reported revenue growth, and continued campus commissioning could support a substantial re-rating if execution converts backlog into recurring operating cash flow. [#SEC-8K-2026-07-27]
Posture
Constructive
Lead driver
Sentiment
What changed
3 setup hits (3d) with net bullish as of 2026-10-25.
What can break
Construction, financing, commissioning, and timing risk for 2027-2028 campuses.
Momentum
5
Value
35
Sentiment
100
Setup hits (3d)
3 · Net Bullish
AI TargetsBase $27.00 · Bull $39.00 · Bear $18.50Analysis 2026-09-03; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-09-03 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Bullish
Target $61.50
Why
Momentum5 · Δ7d +0.5
Value35 · Δ7d -0.0
Sentiment100 · Δ7d 0.0
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 3 setup hits (3d) with net bullish as of 2026-10-25.
  • • Sentiment remains the lead driver in the composite, 7D delta 0.0.

Contradictions & invalidation

  • • Construction, financing, commissioning, and timing risk for 2027-2028 campuses.
  • • Customer concentration risk from multiple leases with the same hyperscaler.
  • • The latest quarter remained GAAP-loss making, with significant financing and construction requirements ahead.

Catalyst clock

2026-12-02

Delta Forge 2 reaches initial operations

Lead driver: Sentiment · See AI snapshot
Momentum
5
8% active weight
Current posture
7d trendImproving
Δ7d
+0.5
Δ21d
-2.5
Value
35
47% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
-0.0
Sentiment
100
45% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
+23.5
Why this grade

Composite grade A. Momentum 4.9 / Value 35.0 / Sentiment 100.0

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-09-03. Scenario method

B+
Bull case
25%
Probability
Target price
$39.00
Analysis reference price unavailable
Analysis 2026-09-03 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$27.00
Analysis reference price unavailable
Analysis 2026-09-03 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$18.50
Analysis reference price unavailable
Analysis 2026-09-03 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$5.52B
Beta
7.27
Shares Out
302.39M
P/E (TTM) · Derived
-20.1
P/S (TTM)
46.66
P/FCF (TTM) · Derived
-1.83
Rev YoY
+406.6%
EPS YoY
+63.7%
Gross Margin
+22.4%
Op Margin
-29.7%
Net Debt
$1.13B
Current Ratio
4.01
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data