DALLAS — Multiple Wall Street analysts, including Needham, Lucid Capital, Lake Street, and Northland Securities, raised their price targets on Applied Digital Corp stock in June 2026. This occurred even as the company's shares lost approximately 31% of their value over the month preceding July 6, 2026.

On June 9, 2026, Needham analyst John Todaro increased the firm's price target on Applied Digital Corp stock from $66 to $83, while maintaining a Buy rating. Needham's adjustment followed Applied Digital's long-term lease agreement for its Delta Forge 2 AI-focused data center.

Todaro stated, "We raise our PT as we believe APLD can continue to source new sites for the pipeline and execute additional leases. Further, we expect pricing improvements from here as the company looks to slate in new IG hyperscalers and neo-cloud customers." In mid-June 2026, Applied Digital Corp experienced a short rebound in its stock value.

On July 2, 2026, Craig-Hallum analyst George Sutton reiterated a Buy rating on Applied Digital Corp shares, though he did not assign a specific price target at that time. Applied Digital Corp, founded in 2021 by Wes Cummins and Jason Zhang, focuses on building and operating digital infrastructure for AI and computing companies in North America.

The company provides data centers and GPU computing solutions for businesses working in AI. Applied Digital Corp is headquartered in Dallas, Texas. The median price target for the stock among 14 Wall Street analysts covering the company is $74.5.