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The latest announcement is out from Applied Digital Corporation ( (APLD) ).
On November 12, 2025, Applied Digital Corporation announced plans for additional equity financing to further develop its Polaris Forge 1 and 2 AI Factory campuses in North Dakota. The company expects to receive $787.5 million in funding from Macquarie Asset Management to accelerate these projects, with $450 million allocated to Polaris Forge 2 and $337.5 million to Polaris Forge 1. Additionally, Applied Digital secured a $65 million revolving credit agreement with First National Bank of Omaha. These financial moves aim to strengthen the company’s balance sheet, support its AI infrastructure strategy, and position it as a leading data center platform.
The most recent analyst rating on (APLD) stock is a Hold with a $28.00 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 reflects its financial challenges, with significant issues in profitability and cash flow management. While the company shows potential for growth through strategic expansions and a focus on AI infrastructure, these are offset by ongoing operational and financial hurdles. Technical analysis provides some positive signals, but valuation remains a concern due to negative earnings and lack of dividends.
To see Spark’s full report on APLD stock, click here.
More about Applied Digital Corporation
Applied Digital Corporation, founded in 2021 and headquartered in Dallas, TX, is a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services. The company focuses on supporting artificial intelligence, cloud, networking, and blockchain workloads, leveraging hyperscale expertise and proprietary waterless cooling technology to deliver scalable compute solutions.
Average Trading Volume: 30,628,502
Technical Sentiment Signal: Buy
Current Market Cap: $8.79B
For a thorough assessment of APLD stock, go to TipRanks’ Stock Analysis page.