APLD Stock Heads For Worst Month In A Year — Does The Street See An Upside Or Downside In The Company’s Shares?

• The analysts covering APLD stock have a 12-month average price target of $45.27, indicating an upside potential of about 120% from its closing price of $20.54. 
• Last month, Roth Capital kept a ‘Buy’ rating on APLD shares with a price target of $58 even after Nvidia exited from the company.
• The data center company is expected to post its third-quarter (Q3) 2026 earnings results next week on April 8.

Shares of Applied Digital Corp. (APLD) closed down about 13.5% on Monday, bringing its monthly decline to 24.65%, the worst performance since March 2025.

While the company’s shares experienced a selloff due to broader market selling pressure amid the war and artificial intelligence jitters, retail sentiment around the stock climbed from ‘neutral’ to ‘bullish’ over the past 24 hours on Stocktwits.

Meanwhile, Wall Street also views the stock’s potential favorably, with all twelve analysts covering the stock rating it ‘Buy’ or higher, according to data from Koyfin.

Street Consensus

The analysts covering APLD stock have a 12-month average price target of $45.27, indicating an upside potential of about 120% from its closing price of $20.54.

Last month, Roth Capital kept a ‘Buy’ rating on APLD shares with a price target of $58 even after Nvidia Corp. (NVDA) exited from the company by offloading its $177 million position in the company as of Dec. 31, 2025.

As per Roth Capital, much had changed since the Nvidia-led financing, including 2 colocation leases, while also adding that nothing had fundamentally changed in the company’s investment story.

Earnings Expectations

The data center company is expected to post its third-quarter (Q3) 2026 earnings results next week on April 8. Wall Street expects a revenue of $78.47 million for the quarter, an increase of about 48% year-on-year, according to data from Fiscal.ai.

In the previous quarter, Applied Digital posted a quarterly revenue of $126.6 million, a 250% jump from the prior year, which also beat analyst estimates.

Meanwhile, analysts estimate the company will post a loss per share of $0.11 in its third quarter.

What Do Stocktwits Users Think?

On Stocktwits, APLD stock garnered significant attention, with message volumes spiking about 63%, going from ‘normal’ to ‘high’ levels over 24 hours.

One bullish user dismissed the selloff concerns, instead calling the dip in prices ‘an incredible buying opportunity.’ The user also highlighted Applied Digital’s solid data center growth in North Dakota.

Shares of APLD have surged more than 265% in the past year.

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