APLD ▲ +0.7% - Applied Digital Corporation $APLD UBS initiated coverage of Applied Digital with a Buy rating and $38 price target. The platform has already demonstrated credibility across lease signings and delivery of AI data center capacity at scale, says the analyst, who sees new lease signing potential in the near-term through tenant expansion options that should also bring improved economics. Applied Digital rose 0.7% following UBS's initiation of coverage with a Buy rating and $38 price target, as the analyst cited the company's track record of securing lease agreements and delivering AI data center capacity at scale, alongside confidence in near-term growth from tenant expansion options that could improve unit economics. 23-SEP-2026 09:22 AM ET