UBS Initiates Coverage of Applied Digital with Buy
Fintel reports that on September 23, 2026, UBS initiated coverage of Applied Digital (NASDAQGS:APLD) (BIT:1APLD) with a Buy recommendation. This initiation follows other recent analyst activities, including Rothschild & Co initiating coverage with a Neutral rating on September 21, 2026, and Wells Fargo initiating coverage with an Overweight rating on September 17, 2026.
Prior to the rating action, the stock's pre-action close was $28.54 on September 22, 2026, which also represents its latest close. Applied Digital has seen a price change of +21.86% over one week, compared to a baseline close of $23.42 on September 15, 2026. Over a one-month timeframe, the stock has experienced a price change of +4.89% from a baseline close of $27.21 on August 21, 2026.
Separately from the individual rating by UBS, the broader consensus target mean for Applied Digital was $70.41 as of September 15, 2026, with a median target of $74.46. This mean target reflects an implied change of +146.72%. The prior consensus target mean was $70.63 as of August 28, 2026, marking a consensus target revision of -0.31%. In terms of overall analyst recommendations, the current period as of September 1, 2026, features 20 total recommendations: 4 strong buy, 14 buy, 2 hold, 0 sell, and 0 strong sell. This distribution is identical to the prior recommendation period as of August 1, 2026, which also had 4 strong buy, 14 buy, 2 hold, 0 sell, and 0 strong sell ratings. This represents 90.0% positive, 10.0% hold, and 0.0% negative recommendations across both periods.
In its most recent financial results reported on July 27, 2026, Applied Digital posted an actual EPS of -0.39, compared to the estimated EPS of -0.22. The company generated actual revenue of $258,748,000.00, compared to the estimated revenue of $96,733,189.00. The next upcoming earnings date for the company is scheduled for October 7, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 23, 2026 | UBS | Buy | initiated coverage | |
| September 21, 2026 | Rothschild & Co | Neutral | initiated coverage | |
| September 17, 2026 | Wells Fargo | Overweight | initiated coverage |
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This story originally appeared on Fintel.