5 Best Data Center Stocks To Buy According to Analysts

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1. Applied Digital Corporation (NASDAQ:APLD)

Number of Q4 2023 Hedge Fund Shareholders: 16

Share Price Target Upside: 227%

Latest Average Share Price Target: $14

Applied Digital Corporation (NASDAQ:APLD) is a pure play data center operator headquartered in Dallas, Texas. The firm scored a win in March 2024 when it teamed up with an AI company to provide it with high end GPU clusters.

During Q4 2023, 16 out of the 933 hedge funds part of Insider Monkey’s database had invested in Applied Digital Corporation (NASDAQ:APLD).

Follow Applied Digital Corp.

Disclosure: None. You can also take a look at 20 Biggest Natural Gas Companies in the World and 15 NATO Members with the Largest Militaries.

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