Applied Digital (APLD) is seeing strong demand for its high-performance data centers required for AI workloads. The company is scheduled to announce its results for the third quarter of Fiscal 2026 on April 8. Ahead of Q3 FY26 earnings, Roth MKM analyst Darren Aftahi reiterated a Buy rating on APLD stock with a price target of $58, calling it a “top pick.”
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Forget margin or options. Here's how the pros trade APLDMeanwhile, Wall Street expects Applied Digital to report a wider adjusted loss per share of $0.15 for Q3 FY26 compared to $0.08 in the prior-year quarter. Revenue is expected to rise about 43% year-over-year to $75.47 million.
Investors will pay attention to management’s commentary on the demand backdrop, any new lease deals, capital spending, and debt levels.
Roth Analyst’s Views Ahead of APLD’s Q3 Earnings
Aftahi highlighted that Q3 FY26 will be the first full quarter of lease revenue. He added that CoreWeave’s (CRWV) A3 credit upgrade may help lower APLD’s borrowing costs.
With Applied Digital signing deals worth 600 MW of capacity and well-positioned to deliver $1 billion in annualized NOI (net operating income) over five years, the analyst thinks that the path is set for a “scalable platform.”
With the DF1 project starting in Louisiana and Macquarie development financing already deployed, Aftahi expects a third hyperscaler lease announcement. Given expectations that the earnings call would reveal some lease deals, the analyst said he would use any pullback in APLD stock as a buying opportunity.
What Is the Target Price for APLD Stock?
Wall Street is highly bullish on Applied Digital stock with 10 unanimous Buys. The average APLD stock price target of $52.22 indicates about 113% upside potential.
