Applied Digital Corporation (APLD)
NASDAQ: APLD · IEX Real-Time Price · USD
4.140
+0.480 (13.11%)
At close: May 17, 2024, 4:00 PM
4.050
-0.090 (-2.17%)
After-hours: May 17, 2024, 7:57 PM EDT

Applied Digital Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for Applied Digital stock have an average target of 10.14, with a low estimate of 6.00 and a high estimate of 16. The average target predicts an increase of 144.93% from the current stock price of 4.14.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $6.00 $10.14 $11 $16
Change +44.93% +144.93% +165.70% +286.47%

Analyst Ratings

The average analyst rating for APLD stock from 7 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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 677776
Buy 111111
Hold 000000
Sell 000000
Strong Sell 000000
Total 788887

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Needham
Needham
Strong Buy
Reiterates
$11
Strong Buy Reiterates $11 +165.70% May 17, 2024
B. Riley Securities
B. Riley Securities
Strong Buy
Maintains
$8$6
Strong Buy Maintains $8$6 +44.93% May 6, 2024
Lake Street
Lake Street
Strong Buy
Maintains
$19$7
Strong Buy Maintains $19$7 +69.08% Apr 12, 2024
Roth MKM
Roth MKM
Strong Buy
Maintains
$13$8
Strong Buy Maintains $13$8 +93.24% Apr 12, 2024
Needham
Needham
Strong Buy
Maintains
$13$11
Strong Buy Maintains $13$11 +165.70% Apr 12, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
215.84M
from 55.39M
Increased by 289.66%
Revenue Next Year
600.89M
from 215.84M
Increased by 178.40%
EPS This Year
-0.39
from -0.49
EPS Next Year
0.19
from -0.39
Year 20082020202120222023202420252026
Revenue
337.00K--8.55M55.39M215.84M600.89M868.94M
Revenue Growth
-78.21%---547.94%289.66%178.40%44.61%
EPS
-2.34-0.18-0.38-0.41-0.49-0.390.190.70
EPS Growth
-------276.37%
No. Analysts -----983
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 244.1M 786.6M 894.5M
Avg 215.8M 600.9M 868.9M
Low 181.8M 401.8M 834.9M

Revenue Growth

Revenue Growth 202420252026
High
340.7%
264.4%
48.9%
Avg
289.7%
178.4%
44.6%
Low
228.1%
86.2%
38.9%

EPS Forecast

EPS 202420252026
High -0.03 0.79 0.72
Avg -0.39 0.19 0.70
Low -1.00 -1.34 0.68

EPS Growth

EPS Growth 202420252026
High - -
287.4%
Avg - -
276.4%
Low - -
261.6%
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.