This article uses the TipRanks Compare Top Data Center Stocks tool to highlight three data center names that hold significant upside and carry a Strong Buy rating from Wall Street: Applied Digital Corporation (APLD), Dycom Industries (DY), and Iron Mountain (IRM).
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Trade APLD with leverageData centers have emerged as one of the most critical pieces of infrastructure for the modern world. However, outside the Big Tech companies running these facilities, other leading companies also contribute to their smooth operation.
Applied Digital Corporation (APLD)
Applied Digital is a U.S. company involved in digital infrastructure, with a special focus on designing, building, and operating AI factories. These facilities offer capacity for high-performance computing needed for the modern world’s massive AI workloads.
Analysts’ Strong Buy consensus rating on APLD is based on 8 Buys issued over the past three months. This comes with an average price target of $46 that implies about 44% upside.
Dycom Industries (DY)
Dycom focuses on planning and designing systems such as aerial, underground, and buried fiber optic facilities. Other systems in its lineup include copper and coaxial cable networks. This set of equipment is used for purposes such as the rapid movement and transfer of data at data centers.
The company’s Strong Buy rating stands on six Buy ratings issued over the past three months. DY offers about 15% upside based on an average price target of $465.50.
Iron Mountain (IRM)
This American company is transitioning from its paper-record roots to become a key player in the AI digital infrastructure market. Iron Mountain is known for its expertise in storage and information management.
IRM’s Strong Buy consensus rating from analysts is based on five Buys issued over the past three months. The stock holds about 14% upside in the months ahead based on an average price target of $134.20.
