Applied Digital (APLD) Trades at $28.47, Below All 11 Analyst Targets as Q3 Revenue Jumps 139%

According to S&P Global, Applied Digital closed at $28.47 on July 14, 2026, below the lowest analyst price target of $40 among 11 polled analysts, implying 40% upside. The street-high target sits at $106, representing a 272% bull case, with an average of $73.36. Fiscal Q3 2026 revenue reached $126.6 million, up 139% year over year, with adjusted EBITDA of $44.1 million.

The widest market divergence lies in short interest: roughly 77.2 million shares—27% of shares outstanding—are sold short, per MarketBeat data from June 2026. In July, New York became the first U.S. state to impose a ban on new AI data centers, a regulatory shift that strengthens Applied Digital's competitive position in North Dakota, where the company operates with abundant stranded wind power and near-zero water consumption.