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Applied Digital Corporation ( (APLD) ) has provided an update.
On December 18, 2025, Applied Digital Corporation announced that its subsidiary APLD DevCo LLC had entered into a development loan facility with Macquarie Group’s Commodities and Global Markets business to fund pre-lease development costs for new data center projects, including early-stage sourcing, planning, development and construction of new AI-focused data center campuses. The facility, from which an initial $100 million of draws is earmarked to support multiple campuses under advanced negotiations with an investment-grade hyperscaler, is intended to bolster Applied Digital’s ability to move quickly on high-quality sites while preserving capital flexibility, reinforcing its strategy of building purpose-built “AI Factory” campuses for hyperscale customers and expanding its position in the accelerating market for AI-optimized data center infrastructure; Northland Securities acted as sole placement agent, with Lowenstein Sandler advising the company and Latham & Watkins advising the lender.
The most recent analyst rating on (APLD) stock is a Buy with a $40.00 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 Neutral.
Applied Digital Corporation’s overall stock score is primarily impacted by its weak financial performance, characterized by negative profitability and cash flow challenges. While technical analysis shows bullish momentum, and corporate events indicate strategic growth, the company’s valuation remains unattractive due to negative earnings. The earnings call reflects both growth potential and operational hurdles, contributing to a moderate overall score.
To see Spark’s full report on APLD stock, click here.
More about Applied Digital Corporation
Applied Digital Corporation, headquartered in Dallas and founded in 2021, designs, builds and operates high-performance, sustainably engineered data centers and colocation facilities optimized for artificial intelligence, cloud, networking and blockchain workloads. The Nasdaq-listed company, recently recognized as Best Data Center in the Americas 2025 by Datacloud, targets hyperscale and other large-scale computing customers, leveraging proprietary waterless cooling, rapid deployment capabilities and its Polaris Forge AI Factory campus model to deliver scalable, energy-efficient compute infrastructure, particularly in underserved communities.
Average Trading Volume: 30,687,152
Technical Sentiment Signal: Buy
Current Market Cap: $7.78B
For a thorough assessment of APLD stock, go to TipRanks’ Stock Analysis page.