Applied Digital Plans Sale of Cloud Services Unit

Applied Digital Corporation ( (APLD) ) has issued an announcement.

On February 26, 2025, Applied Digital Corporation‘s Board of Directors approved the negotiation for the potential sale of its Cloud Services Business, which was classified as ‘held for sale’ on April 10, 2025. This strategic move, reflecting a shift in the company’s operations, will be reported as discontinued operations starting from the fourth quarter of the fiscal year ending May 31, 2025, and aims to assist investors in understanding its financial impact.

The most recent analyst rating on (APLD) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.

Spark’s Take on APLD Stock

According to Spark, TipRanks’ AI Analyst, APLD is a Underperform.

Applied Digital Corporation’s overall score reflects strong revenue growth and promising strategic partnerships. However, these positives are outweighed by substantial financial instability, including high leverage, negative profit margins, and cash flow challenges. Technical indicators are mixed, and valuation metrics are concerning. Recent corporate events provide some positive capital structure adjustments.

To see Spark’s full report on APLD stock, click here.

More about Applied Digital Corporation

Applied Digital Corporation operates in the technology industry, focusing on digital infrastructure and cloud services. The company provides cloud-based solutions and services, catering to various market segments that require robust digital infrastructure.

Average Trading Volume: 31,707,001

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.63B

For a thorough assessment of APLD stock, go to TipRanks’ Stock Analysis page.