Rating Change
Wells Fargo reiterated its Overweight rating on Applied Digital Corporation (NASDAQ:APLD) on October 08, 2026.
reiterateNASDAQ:APLD
Wells Fargo Reiterates Overweight Rating on Applied Digital Corporation (APLD)
Wells Fargo reiterated its Overweight rating on Applied Digital Corporation (NASDAQ:APLD) on October 08, 2026.
At publication ·
What changed
Applied Digital Corporation (NASDAQ:APLD) · reiterate
- Firm
- Wells Fargo
- Rating
- Overweight to Overweight
- Price at event
- $23.85
- Market capitalization
- $7.6B
At a glance
Key takeaways
- Wells Fargo maintained an Overweight rating on Applied Digital (APLD) on October 8, 2026, with the stock trading at $23.85 and a market cap of $7.6 billion.
Market Context
Applied Digital Corporation operates in the Technology sector. The stock currently trades at $23.85 with a market capitalization of $7.6B. The stock has declined 12.6% over the past 52 weeks.
Analyst coverage from Wells Fargo 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: 7 Buy, 3 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 08, 2026 | Wells Fargo | Overweight | N/A |
| Oct 08, 2026 | Freedom Capital Markets | Buy | N/A |
| Oct 08, 2026 | Needham | Buy | N/A |
| Sep 23, 2026 | UBS | Buy | N/A |
| Sep 21, 2026 | Rothschild & Co | Neutral | N/A |
Related Tools: Analyst Ratings Dashboard | View APLD Stock Page
Frequently Asked Questions
What does the Overweight rating mean for APLD?
A rating of Overweight from Wells Fargo reflects the analyst's outlook on Applied Digital Corporation (NASDAQ:APLD). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the APLD forecast page.