11 Stocks That Will Go to the Moon According to Reddit

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9. Applied Digital Corporation (NASDAQ:APLD)

Analyst Upside as of January 14, 2025: 42%

Number of Hedge Fund Holders: 26

Applied Digital Corporation (NASDAQ:APLD) is another Reddit favorite on our list. The IT service management company provides digital infrastructure solutions and cloud services for computing and artificial intelligence. Its purpose-built data centers are focused on powering the AI revolution at scale. Its two primary solutions include its data center solutions and its applied digital cloud, both of which are able to meet the demand for high-performance computing and AI.

On January 14, Robert Brown, an analyst at Lake Street, maintained a buy rating on APLD and set a price target of $11. The buy rating may be the result of its growing importance in the AI sector, which has also garnered positive financial results. In the fiscal second quarter of 2025, Applied Digital Corporation (NASDAQ:APLD) generated $63.9 million in revenue, up by 51% year-over-year.

Overall, the company seems to have a bright future as works to build crucial AI infrastructures. This explains why analysts are bullish on the stock and their median price target represents an upside of 42% from current levels.

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