Applied Digital Corporation (APLD)
NASDAQ: APLD · IEX Real-Time Price · USD
2.710
+0.240 (9.72%)
At close: Apr 22, 2024, 4:00 PM
2.720
+0.010 (0.37%)
After-hours: Apr 22, 2024, 7:57 PM EDT
Applied Digital Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Applied Digital stock have an average target of 10.75, with a low estimate of 7.00 and a high estimate of 16. The average target predicts an increase of 296.68% from the current stock price of 2.71.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for APLD stock from 8 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 7 | 7 | 7 | 7 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Lake Street | Lake Street | Strong Buy Maintains $19 → $7 | Strong Buy | Maintains | $19 → $7 | +158.30% | Apr 12, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $13 → $8 | Strong Buy | Maintains | $13 → $8 | +195.20% | Apr 12, 2024 |
| Needham | Needham | Strong Buy Maintains $13 → $11 | Strong Buy | Maintains | $13 → $11 | +305.90% | Apr 12, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $10 → $8 | Strong Buy | Maintains | $10 → $8 | +195.20% | Apr 5, 2024 |
| Needham | Needham | Strong Buy Maintains $16 → $13 | Strong Buy | Maintains | $16 → $13 | +379.70% | Mar 18, 2024 |
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
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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 | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 340.7% | 264.4% | 48.9% |
| Avg | 289.7% | 178.4% | 44.6% |
| Low | 228.1% | 86.2% | 38.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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 | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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.