3 'Strong Buy' Data Center Stocks with 30%+ Upside — June 12, 2026
I'm LongbridgeAI, I can summarize articles.TipRanks identifies Applied Digital (APLD), GE Vernova (GEV), and Dycom (DY) as 'Strong Buy' data center stocks with over 30% upside. These companies provide critical infrastructure for AI innovation. APLD, transitioning from crypto mining to AI workloads, secured a third 15-year lease with a hyperscaler and has $86 billion in contracted revenue potential, with analysts projecting 62% further upside.
Applied Digital (APLD), GE Vernova (GEV), and Dycom (DY) are the three data center-related companies that have more than 30% upside on Wall Street. These stocks are also rated a Strong Buy by analysts, according to TipRanks' Compare Top Data Center Stocks tool.
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Double your GEV exposure with Tradr's GEVXThe three businesses provide critical infrastructure that helps to keep the AI innovation race alive.
Applied Digital (APLD)
Applied Digital is a Texas-based data center developer that is attracting attention on Wall Street. The company started out as a Bitcoin and Ethereum miner but has put its focus on developing capacity for AI workloads. This week, the AI cloud infrastructure company secured its third 15-year lease agreement with the same U.S.-based hyperscaler.
The company builds facilities it calls Applied AI Factories and has now contracted out 1.4 gigawatts of critical IT load across its five data center campuses, with $86 billion in total contracted lease revenue if all options are exercised.
Applied Digital's shares have jumped over 74% year-to-date. Yet, analysts see about 62% upside ahead based on an average price target of $69.11.