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Forget margin or options. Here's how the pros trade APLDApplied Digital Corporation ( (APLD) ) has provided an announcement.
On February 15, 2026, Applied Digital’s subsidiaries and Ekso Bionics Holdings entered into a Contribution and Exchange Agreement to combine Applied Digital Cloud Corporation with Ekso in a business combination that will see Cloud become a wholly owned subsidiary of Ekso, which will be renamed ChronoScale Corporation. In exchange for contributing all of Cloud’s equity, Applied Digital’s Contributor entity will receive about 138.2 million Ekso shares and is expected to own roughly 97% of the combined company before additional financing transactions, cementing Applied Digital’s control over the new platform.
Closing of the deal, targeted for the second quarter of 2026, is contingent on customary conditions including Ekso stockholder approval, SEC clearance of an information or proxy statement, a minimum $15 million cash balance at Ekso, Nasdaq listing approval and consummation of a PIPE financing that will dilute both legacy Ekso and Cloud holders. An associated Investor Rights Agreement will give Applied Digital investors significant governance and board-designation rights, ensuring long-term influence over ChronoScale’s strategy and capital decisions, while termination rights and outside dates provide downside protections if regulatory, shareholder or market hurdles prevent completion.
The most recent analyst rating on (APLD) stock is a Buy with a $56.00 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.
The score is held back primarily by weak financial performance (large losses, negative operating cash flow and very large free-cash-flow burn, with high leverage). Offsetting this are constructive price momentum/technical trends and a positive earnings-call outlook driven by large signed hyperscaler leases and expected revenue ramp, while valuation remains constrained by ongoing unprofitability.
To see Spark’s full report on APLD stock, click here.
More about Applied Digital Corporation
Applied Digital Corporation, through subsidiaries including APLD Intermediate HoldCo and APLD ChronoScale HoldCo, operates in the digital infrastructure and cloud computing space. The company is positioning its Applied Digital Cloud business, held through Applied Digital Cloud Corporation, as a core asset to be combined with Ekso Bionics Holdings in a newly named entity, ChronoScale Corporation, with a focus on leveraging cloud-centric growth and public-market positioning.
Average Trading Volume: 31,577,772
Technical Sentiment Signal: Buy
Current Market Cap: $9.86B
Learn more about APLD stock on TipRanks’ Stock Analysis page.