---
title: "Freedom Capital Markets maintains Buy rating on Applied Digital, $48 price target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301278516.md"
description: "Freedom Capital Markets maintained a Buy rating on Applied Digital with a $48 price target, implying a 101.6% upside from the Oct 7 close of $23.81. The firm cited strong operational execution, noting the timely delivery of 75 MW at Polaris Forge 1, and favorable valuation, as APLD trades at a 9.0x F28 adjusted EBITDA multiple compared to higher peer multiples."
datetime: "2026-10-08T12:37:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301278516.md)
  - [en](https://longbridge.com/en/news/301278516.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301278516.md)
generator: "portal-rs"
---

# Freedom Capital Markets maintains Buy rating on Applied Digital, $48 price target

Freedom Capital Markets maintained their Buy rating on Applied Digital's stock with a price target of $48.00.

The price target implies an upside of 101.6% from the Oct 7 close of $23.81.

**Key takeaways from the analyst note**

**Strong Capacity Expansion**: Applied Digital has demonstrated its ability to add capacity on time and on budget, recently delivering 75 MW to its Polaris Forge 1 site, which enhances investor confidence in the company's operational execution and growth potential.

**Favorable Valuation Compared to Peers**: APLD is currently trading at a discount compared to its peers in the data center industry, with a 9.0X F28 adjusted EBITDA multiple versus significantly higher multiples for competitors like Digital Realty and Equinix, indicating potential for stock price appreciation.

Explore more price target data and ratings for Applied Digital on the .

**Disclaimer**

Select reference data provided by Benzinga. This information is not a recommendation for what you should do personally and does not constitute investment advice.

### Related Stocks

- [APLD.US](https://longbridge.com/en/quote/APLD.US.md)
- [APLX.US](https://longbridge.com/en/quote/APLX.US.md)
- [APLZ.US](https://longbridge.com/en/quote/APLZ.US.md)
- [DLR.US](https://longbridge.com/en/quote/DLR.US.md)
- [EQIX.US](https://longbridge.com/en/quote/EQIX.US.md)

## Related News & Research

- [APLD CEO Sees 'Scarcity Value' Driving AI Data Center Lease Rates by Over 15% on 250MW Expansion](https://longbridge.com/en/news/301267751.md)
- ["Hold Your Horses," Says Investor About Applied Digital Stock Before Earnings](https://longbridge.com/en/news/301170731.md)
- [BUZZ-Applied Digital gains as first-quarter revenue quadruples](https://longbridge.com/en/news/301244115.md)
- [Applied Digital Reports Fiscal First Quarter 2027 Results | APLD Stock News](https://longbridge.com/en/news/301183637.md)
- [These Analysts Revise Their Forecasts On Applied Digital Following Q1 Results](https://longbridge.com/en/news/301302435.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**