Applied Digital (APLD) stock in spotlight as analysts tout upside ahead of Jan. 7 earnings
Applied Digital (APLD) closed at $24.52, up 1.8% before the New Year’s holiday. The company plans to spin out its cloud unit and merge it with Ekso Bionics to form ChronoScale, with Applied Digital retaining 97% ownership. Analysts at Northland, Lake Street, and Citizens kept bullish ratings, citing strong GPU revenue and data-center demand. The proposed deal is expected to close in the first half of 2026, pending approvals.