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APLD

Applied DigitalC
Nasdaq / Software & Services
Last Price
At close
2026-06-02
View Chart
Current thesis
Primary-source evidence improved meaningfully in late April: the new Delta Forge 1 lease adds roughly $7.5 billion of contracted value over 15 years, total contracted lease revenue now exceeds $23 billion, and more than half of contracted revenue is backed by investment-grade customers [#8-K-2026-04-23]. The February 28, 2026 10-Q also showed about $15.5 billion of minimum contracted payments already embedded in lease schedules [#10-Q-2026-04-08], which supports a revenue-visibility argument if projects are delivered on time.
Posture
Mixed
Lead driver
Momentum
What changed
Momentum remains the lead driver in the composite, 7D delta -1.1.
What can break
Applied Digital remains dependent on external capital and project financing; the April 23 release discussed expected, not completed, up to $300 million bridge and up to $300 million revolver facilities.
Momentum
95
Value
40
Sentiment
22
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $34.00 · Bull $50.00 · Bear $22.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-28 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $49.83
Why
Momentum95 · Δ7d -1.1
Value40 · Δ7d +0.1
Sentiment22 · Δ7d -0.8
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Lead driver: Momentum · See technicals
Momentum
95
34% active weight
Current posture
7d trendSoftening
Δ7d
-1.1
Δ21d
-3.2
Value
40
32% active weight
Current posture
7d trendFlat
Δ7d
+0.1
Δ21d
+0.2
Sentiment
22
33% active weight
Current posture
7d trendFlat
Δ7d
-0.8
Δ21d
+0.9
Why this grade

Composite grade C. Momentum 95.2 / Value 40.1 / Sentiment 21.9

Fundamentals (TTM)
As of 2026-06-01
Market Cap
$13.7B
Beta
7.27
Shares Out
279.69M
P/E (TTM) · Derived
-100.0
P/S (TTM)
46.66
P/FCF (TTM) · Derived
-11.15
Rev YoY
+84.3%
EPS YoY
-202.2%
Gross Margin
+47.0%
Op Margin
-41.6%
Net Debt
$660.25M
Current Ratio
0.65
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology