Applied Digital stock slides, then swings hard as new Buy call pegs $42 target — what’s next for APLD
Applied Digital shares fell 1.1% to $35.06 after volatile trading and heavy volume. Texas Capital began coverage with a Buy rating and a $42 target, citing the company’s data-center expansion and technology. Investors are awaiting updates on new leases and financing for its AI-focused facilities. The next earnings report is expected April 13, though the date is unconfirmed.