Roth Capital Maintains Applied Digital (APLD) Buy Recommendation
Fintel reports that on October 1, 2025, Roth Capital maintained coverage of Applied Digital (NasdaqGS:APLD) with a Buy recommendation.
Analyst Price Forecast Suggests 13.90% Downside
As of September 30, 2025, the average one-year price target for Applied Digital is $21.53/share. The forecasts range from a low of $13.13 to a high of $31.50. The average price target represents a decrease of 13.90% from its latest reported closing price of $25.01 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Applied Digital is 869MM, an increase of 502.62%. The projected annual non-GAAP EPS is 1.77, an increase of 85.13% from the prior forecast.
What is the Fund Sentiment?
There are 477 funds or institutions reporting positions in Applied Digital. This is an increase of 49 owner(s) or 11.45% in the last quarter. Average portfolio weight of all funds dedicated to APLD is 0.36%, an increase of 3.26%. Total shares owned by institutions decreased in the last three months by 2.08% to 174,994K shares. 
The put/call ratio of APLD is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
Hood River Capital Management holds 21,859K shares representing 8.12% ownership of the company. In its prior filing, the firm reported owning 21,267K shares , representing an increase of 2.71%. The firm increased its portfolio allocation in APLD by 50.74% over the last quarter.
HRSMX - Hood River Small-Cap Growth Fund Institutional Shares holds 11,729K shares representing 4.36% ownership of the company. In its prior filing, the firm reported owning 12,053K shares , representing a decrease of 2.76%. The firm increased its portfolio allocation in APLD by 48.76% over the last quarter.
Nvidia holds 7,716K shares representing 2.87% ownership of the company. No change in the last quarter.
Situational Awareness holds 6,592K shares representing 2.45% ownership of the company. In its prior filing, the firm reported owning 4,036K shares , representing an increase of 38.78%. The firm increased its portfolio allocation in APLD by 38.63% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,720K shares representing 2.12% ownership of the company. In its prior filing, the firm reported owning 5,701K shares , representing an increase of 0.33%. The firm increased its portfolio allocation in APLD by 60.39% over the last quarter.
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This story originally appeared on Fintel.