Morgan Stanley Reiterates Equal-Weight Rating on Applied Digital Corporation (APLD)

Market Context

Applied Digital Corporation operates in the Technology sector. The stock currently trades at $28.86 with a market capitalization of $7.6B. The stock has gained 114.1% over the past 52 weeks.

Analyst coverage from Morgan Stanley provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Applied Digital Corporation.

Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.

Recent Analyst Activity for Applied Digital Corporation

Among the 10 most recent ratings: 8 Buy, 2 Hold, 0 Sell.

Date	Firm	Rating	Price Target
Aug 06, 2026	Morgan Stanley	Equal-Weight	N/A
Aug 03, 2026	B. Riley Securities	Buy	N/A
Jul 28, 2026	Needham	Buy	N/A
Jul 23, 2026	Morgan Stanley	Equal-Weight	N/A
Jun 17, 2026	Northland Capital Markets	Outperform	N/A

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