Applied Digital Corp. (APLD) shares tumbled 5.0% to $27.21 as of August 22, 2026, a significant decline from the prior close of $28.65. BestStocks flagged the session as a major change for APLD. The move is tied to price move down. Below, we break down what changed for APLD, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
APLD fell 5.0% to $27.21
APLD tumbled 5.0% in its latest session, moving from $28.65 to $27.21.
Material / EarningsLow confidence
Rel. volume
0.8×
Below Avg
Vs peers
—
No comparable peers
Market cap
$7.8B
NASDAQ
Analyst target
$72
+165.9% vs price
Price chart
Jul 22 – Aug 21
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for Applied Digital Corp. investors
For Applied Digital Corp. investors, the recent signals add up to a bearish shift. Weighing against that: Material negative event; Sharp 5.0% decline — elevated risk. Wall Street's consensus price target sits at $72.36, implying +165.9% upside from $27.21. BestStocks rates the overall signal quality low (57/100). With earnings roughly 47 days out, the next report is the most likely near-term test of the move.
APLD price reaction
APLD last traded at $27.21, down $1.44 (-5.03%) from the previous close of $28.65. The session traded on 0.8× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $23.22 and $31.27, and it currently sits about 50% of the way up that band.
Bullish and bearish analyst opinions on Applied Digital Corp. (APLD)
The consensus analyst price target on Applied Digital Corp. (APLD) is $72.36, 165.9% above the recent $27.21. Over the past 90 days analysts logged 0 upgrades, 8 maintains, and 0 downgrades. Here is how the bullish and bearish cases on APLD line up.
▲ The bullish case
+Wall Street's consensus price target of $72.36 implies +165.9% upside from $27.21.
+The Street's most bullish target is $90.00 (+230.8%).
▼ The bearish case
−Material negative event.
−Sharp 5.0% decline — elevated risk.
−Applied Digital Corp. (APLD) moved -8.92% from $29.03 to $26.44 on 2026-07-16.
−APLD fell 9.07% intraday despite the company announcing delivery of its second building at Polaris Forge 1 data center on July 1 and CEO commentary highlighting hyperscaler capex surging to $700 billion.
Bull vs bear balanceBearish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Aug 22, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Analyst expectations
Consensus target: $72+165.9%
= 8 maintains
Morgan Stanley maintained Equal Weight · 2026-08-06
Applied Digital Corp. (APLD) moved −4.92% from $29.98 to $28.51 on 2026-08-18. We checked news, earnings announcements, analyst updates, filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average at 1.1x.
Material / Earnings2026-08-14+1.9%
Applied Digital Corp. (APLD) moved +2.90% from $30.32 to $31.20 on 2026-08-14. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume traded near its 5-day average at 1.1x.
Material / Earnings2026-08-04+6.0%
Applied Digital Corp. (APLD) moved +5.02% from $29.77 to $31.27 on 2026-08-04. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move occurred on below-average volume (0.7x the 5-day average).
Material / Earnings2026-08-03+7.7%
Applied Digital Corp. (APLD) moved +9.18% from $27.01 to $29.49 on 2026-08-03. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move occurred on volume near its 5-day average.
Material / Earnings2026-07-31-2.1%
Applied Digital Corp. (APLD) moved -8.94% from $30.08 to $27.39 on 2026-07-31. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume was near its 5-day average, indicating the move occurred on typical trading activity.
Material / Earnings2026-07-30+20.5%
Applied Digital Corp. (APLD) moved +9.77% on 2026-07-30, three days after reporting Q4 FY2026 earnings on 2026-07-27. The company missed consensus EPS by 325%, reporting a loss of $-0.39 per share versus a $-0.09 estimate.
Material / Earnings2026-07-29-12.8%
Applied Digital Corp. (APLD) moved -13.36% on 2026-07-29, two days after reporting Q4 FY2026 earnings on 2026-07-27. The company reported EPS of -$0.39 versus a consensus estimate of -$0.09, missing by 325.44%. Volume was modestly elevated at 1.4x the 5-day average, and the stock reached a new 30-day low at $23.22.
Filings2026-07-29-12.8%
Applied Digital Corp. (APLD) filed its annual 10-K report on 2026-07-29, disclosing full fiscal-year financial results and operations for the period ended 2026-06-30.
In-depth APLD event analyses
Permanent, dated analyses of APLD's most significant sessions.
APLD tumbled 5.0% to $27.21. No single company-specific catalyst was confirmed during the move window, and it looks technical.
How much did APLD stock fall?
APLD lost 5.03% ($1.44) versus the prior close of $28.65, last trading at $27.21 on 0.8× average volume.
When is Applied Digital Corp.'s next earnings date?
APLD's next earnings report is estimated for 2026-10-08 — about 47 days away.
What is the analyst price target for APLD?
The consensus analyst price target for APLD is $72.36, about 165.9% above the current $27.21. Over the past 90 days, analysts recorded 0 upgrades, 8 maintains, and 0 downgrades.
How BestStocks tracks APLD
This page is generated automatically by BestStocks' change-detection system after price move down was detected and verified against independent data sources. It draws on 20 tracked change events for APLD, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of August 22, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
