• Rob Brown from Lake Street set a price target of $37 for NASDAQ:APLD, closely aligning with its current trading value.
• The stock experienced a 31.9% increase following fiscal first-quarter revenue that exceeded expectations, despite a quarterly loss.
• APLD's stock reached a yearly high of $39.07, with a notable market capitalization of approximately $9.23 billion and a trading volume of 52.54 million shares.

Applied Digital Corp (NASDAQ:APLD) is a company that has recently caught the attention of investors. On October 10, 2025, Rob Brown from Lake Street set a price target of $37 for APLD. At that time, the stock was trading at $37.31, slightly above the target by 0.83%. This indicates a close alignment between the analyst's expectations and the market's valuation of the stock.

The stock has experienced a notable surge, increasing by 31.9% to reach $38.62. This rise is attributed to the company's fiscal first-quarter revenue exceeding expectations. Despite reporting a quarterly loss of 3 cents per share, it was better than the anticipated loss of 13 cents per share. This narrower loss has contributed to positive sentiment around the stock.

APLD's stock is currently priced at $35.28, marking a significant increase of 20.46% with a change of $5.99. The stock has shown volatility, fluctuating between a low of $34.86 and a high of $39.07 today. The high of $39.07 also represents the stock's peak over the past year, while the lowest price in the same period was $3.31.

The company's market capitalization stands at approximately $9.23 billion, reflecting its substantial size in the market. The trading volume today is 52.54 million shares, indicating strong investor interest. The buzz around APLD's AI data center capabilities has likely contributed to this heightened activity and interest in the stock.