Applied Digital Corporation (APLD)
NASDAQ: APLD · IEX Real-Time Price · USD
6.34
-0.16 (-2.46%)
At close: Jul 2, 2024, 4:00 PM
6.45
+0.11 (1.74%)
After-hours: Jul 2, 2024, 7:57 PM EDT
Applied Digital Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Applied Digital stock have an average target of 9.67, with a low estimate of 5.00 and a high estimate of 16. The average target predicts an increase of 52.52% from the current stock price of 6.34.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for APLD stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 6 | 6 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 8 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $6 → $8 | Strong Buy | Maintains | $6 → $8 | +26.18% | Jun 28, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $8 → $11 | Strong Buy | Maintains | $8 → $11 | +73.50% | Jun 24, 2024 |
| Needham | Needham | Strong Buy Reiterates $11 | Strong Buy | Reiterates | $11 | +73.50% | Jun 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | -21.14% | Jun 12, 2024 |
| Needham | Needham | Strong Buy Reiterates $11 | Strong Buy | Reiterates | $11 | +73.50% | May 17, 2024 |
Financial Forecast
Revenue This Year
153.85M
from 55.39M
Increased by 177.75%
Revenue Next Year
288.14M
from 153.85M
Increased by 87.29%
EPS This Year
-1.03
from -0.49
EPS Next Year
-0.75
from -1.03
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 166.7M | 376.3M | 596.0M |
| Avg | 153.9M | 288.1M | 515.1M |
| Low | 143.0M | 223.7M | 433.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 201.0% | 144.6% | 106.8% |
| Avg | 177.7% | 87.3% | 78.8% |
| Low | 158.1% | 45.4% | 50.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.82 | -0.02 | 0.70 |
| Avg | -1.03 | -0.75 | 0.02 |
| Low | -1.23 | -1.71 | -0.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.