This article uses the TipRanks Compare Top Data Center Stocks tool to spotlight three data center names that hold significant upside and carry a Strong Buy rating from Wall Street: Arista Networks (ANET), Applied Digital Corporation (APLD), and ServiceNow (NOW).
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Arista Networks (ANET)
Arista operates out of California and produces computer hardware such as ultra-fast Ethernet switches, extensible operating systems, and high-speed data center cables. These software-driven networking products are critical for linking the complex, large-scale infrastructure that underpins modern data centers.
Beyond hardware, Arista also offers AI-based platforms for the automation of tasks such as threat analysis and network troubleshooting. The company holds a Strong Buy consensus rating from analysts based on an average price target of $188.19, which implies more than 29% upside.
Applied Digital Corporation (APLD)
Applied Digital designs and operates infrastructure for AI and high-performance computing. It hosts data centers and provides managed cloud services to customers. This week, the company completed the spin-off of its cloud business into a separate company called ChronoScale, in which it retains 97% control.
Applied Digital’s shares are up roughly 20% year-to-date and continue to carry a Strong Buy consensus rating. This comes with an average price target of $50 that implies more than 16% upside.
ServiceNow (NOW)
ServiceNow is a cloud‑based enterprise workflow platform provider. This means that the company offers the infrastructure that enables business organizations to automate their workflows, run performance analytics, and deploy artificial intelligence and machine learning. The company recently reported an earnings beat for its first-quarter fiscal 2026 and has announced expanded AI deals with Nvidia (NVDA) and Microsoft (MSFT).
Analysts remain highly bullish on ServiceNow, even though its shares are down about 42% year-to-date. The California-based company holds a Strong Buy consensus rating from analysts, with an average price target of $139.18 that suggests approximately 56% upside ahead.
