3 ‘Strong Buy’ Data Center Stocks That Could Surge 30% or More

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: ServiceNow (NOW), Applied Digital Corporation (APLD), and Nvidia (NVDA).

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Data centers are now one of the most vital infrastructure of the modern world, powering today’s era of artificial intelligence.

ServiceNow (NOW)

ServiceNow is a cloud‑based company that operates an enterprise workflow platform that enables organizations to automate their workflow, run performance analytics, and deploy artificial intelligence and machine learning. The company has just reported an earnings beat for its first-quarter fiscal 2026.

Although ServiceNow’s shares are down about 42% since the start of the year, the California-based company continues to enjoy a Strong Buy consensus rating from analysts on Wall Street. NOW stock offers about 65% upside based on an average price target of $146.

Applied Digital Corporation (APLD)

Applied Digital is a digital infrastructure designer and operator that specializes in offering high-performance computing capacity required for massive AI workloads. It hosts data centers and offers managed cloud services to clients.

Although APLD has jumped nearly 50% since the start of the year, analysts continue to see more room for price appreciation. The stock carries a Strong Buy consensus rating and offers about 38% upside based on an average price target of $50.

Nvidia (NVDA)

Nvidia is an American chipmaker that is currently the world’s most valuable company. Apart from operating as an AI chip designer, the company is also active in developing digital infrastructure networking solutions and graphics processing units for gaming. Nvidia also offers software and solutions for automotive and robotics development.

NVDA has soared by almost 1,200% over the past five years. Yet analysts see room for 31% upside in the months ahead. This comes with a Strong Buy consensus rating and an average price target of $273.57.