Summary
Why Applied Digital Can Still Grow Into Its Premium
I rate Applied Digital a Strong Buy with a $54 price target, implying 86% upside from $29. My biggest growth drivers are Polaris Forge 1, Polaris Forge 2 and Delta Forge 2, which I estimate can add about $526Mn in incremental EBITDA and $0.68 in EPS. I arrive at my price target by applying a FWD EV/EBITDA of 30x to the estimated incremental EBITDA.
Polaris: Shifting Gears Into Higher Growth
Polaris is rated BUY, with 24% upside potential driven by secular AI data center buildouts fueling utility vehicle demand. 70% of Powersports sales now come from the utility segment, benefiting from robust data center construction and new product launches. 1Q26 delivered strong results: EPS beat by 130%, revenue grew 8% YoY, and margins expanded across all segments.
Polaris Inc (PII) Now Trades Above Golden Cross: Time to Buy?
From a technical perspective, Polaris Inc. (PII) is looking like an interesting pick, as it just reached a key level of support. PII's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
Polaris Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 166 | $7,744.57 | $11,815.05 | $4,070.48 | 52.56% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 6,569 | $356,640.36 | $464,559.68 | $107,919.32 | 30.26% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 492 | $28,418.46 | $34,725.36 | $6,306.9 | 22.19% |
| BG Bart Gancher Intech Investment Management LLC | 13,407 | $744,860.03 | $946,266.06 | $201,406.03 | 27.04% |
 Bridgewater Associates LP Bridgewater Associates LP | 101,800 | $6.28M | $7.19M | $903,414.77 | 14.38% |
Polaris Inc. (PII) FAQ
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Polaris Inc. Profile
| Automobiles Industry | Consumer Discretionary Sector | Michael Todd Speetzen CEO | NYSE Exchange | 731068102 CUSIP |
| US Country | 15,000 Employees | 1 Jun 2026 Last Dividend | 13 Sep 2011 Last Split | 21 Aug 1987 IPO Date |
Overview
Polaris Inc. is a global leader in the powersports industry, specializing in the design, engineering, manufacturing, and marketing of a wide range of powersports vehicles. The company has a rich history dating back to its founding in 1945 and is headquartered in Medina, Minnesota. Polaris operates through three main segments: Off-Road, On-Road, and Marine, serving customers in the United States, Canada, and internationally. It has built a reputation for offering high-quality, innovative products that cater to both recreational and professional users. Polaris Inc., formerly known as Polaris Industries Inc., has evolved over the years into a multi-faceted corporation that not only produces powersports vehicles but also a broad array of related accessories, gear, and apparel.
Products and Services
- Off-Road Vehicles (ORVs): Comprising all-terrain vehicles (ATVs) and side-by-side vehicles, Polaris provides a diverse range of ORVs for recreational, military, and commercial use. These vehicles are designed for off-road adventures and demanding work tasks.
- Snowmobiles: Polaris offers high-performance snowmobiles designed for speed, handling, and durability in snowy terrains. These products cater to winter sports enthusiasts who seek thrilling experiences.
- Motorcycles: The company's range includes motorcycles and moto-roadsters, quadricycles, providing options for on-road adventures. Notably, Polaris manufactures cruiser and touring motorcycles that showcase cutting-edge design and technology.
- Marine: Under its Marine segment, Polaris produces pontoon and deck boats, catering to leisure and fishing enthusiasts. These boats are engineered for comfort, safety, and performance.
- Accessories and Gear: The extensive lineup includes:
- ORV accessories such as winches, bumper/brushguards, plows, and lighting systems.
- Snowmobile accessories featuring covers, traction products, and electric starters.
- Motorcycle accessories ranging from saddle bags to various chrome accessories.
- Apparel: Polaris also offers a range of gear and apparel, including helmets, jackets, gloves, and boots, designed for safety and style. This line caters to the needs of outdoor sports enthusiasts and professional users alike.
- Commercial and Light-duty Hauling Vehicles: Polaris designs vehicles for light-duty hauling and passenger carriage, suited for both commercial tasks and recreational use.
