Applied Digital stock edges up ahead of earnings as new analyst targets reach $99
NEW YORK, Jan 7, 2026, 10:36 EST Applied Digital shares rose about 2% on Wednesday as the AI data-center builder headed into quarterly results later in the day and drew fresh analyst coverage. The earnings print matters because investors are watching for signs that big customers are locking in power-hungry AI capacity, and whether new sites can be financed without heavy dilution. For Applied Digital, the story has shifted from one-off construction and “fit-out” work to longer lease revenue that could smooth out the numbers over time. Freedom Capital initiated coverage with a Buy rating and a $36 price target,