Applied Digital Expands Capital Access with Agreement Amendment

Applied Digital Corporation ( (APLD) ) just unveiled an update.

On October 21, 2025, Applied Digital Corporation amended its Preferred Equity Purchase Agreement to increase its capital access, raising the commitment for Series G Convertible Preferred Stock from $590 million to $1.590 billion. This amendment supports the continued development of its data centers and includes changes such as increasing the original discount, eliminating the placement agent fee, and adjusting issuance limits. Additionally, the company filed an amendment to its Certificate of Designations to increase authorized shares and adjust the Floor Price, allowing more flexibility in its financial operations.

The most recent analyst rating on (APLD) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.

Spark’s Take on APLD Stock

According to Spark, TipRanks’ AI Analyst, APLD is a Neutral.

The overall stock score of 53 reflects a company with strong technical momentum but significant financial challenges. The most impactful factor is the poor financial performance, with ongoing losses and cash flow inefficiencies. While technical indicators are positive, the valuation is unattractive due to negative earnings. The company’s strategic positioning in AI infrastructure offers long-term potential, but short-term financial and operational hurdles weigh heavily on the score.

To see Spark’s full report on APLD stock, click here.

More about Applied Digital Corporation

Applied Digital Corporation operates in the technology industry, focusing on the construction and development of data centers, particularly the Polaris Forge I and Polaris Forge 2 in North Dakota.

Average Trading Volume: 32,398,268

Technical Sentiment Signal: Buy

Current Market Cap: $10.04B

See more insights into APLD stock on TipRanks’ Stock Analysis page.