Applied Digital (APLD) Stock Forecast, Price Target & Predictions
APLD Stock Forecast
Applied Digital stock forecast is as follows: an average price target of $9.83 (represents a 61.41% upside from APLD’s last price of $6.09) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
APLD Price Target
The average price target for Applied Digital (APLD) is $9.83 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $12.00 to $7.00. This represents a potential 61.41% upside from APLD's last price of $6.09.
APLD Analyst Ratings
According to 4 Wall Street analysts, Applied Digital's rating consensus is 'Buy'. The analyst rating breakdown for APLD stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Applied Digital Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 13, 2024 | Lucas Pipes | B.Riley Financial | $9.00 | $6.02 | 49.50% | 47.78% |
| Aug 29, 2024 | Darren Aftahi | Roth Capital | $10.00 | $4.41 | 126.76% | 64.20% |
| Apr 12, 2024 | George Sutton | Craig-Hallum | $10.00 | $2.96 | 237.27% | 64.20% |
| Apr 12, 2024 | Rob Brown | Loop Capital Markets | $7.00 | $2.83 | 146.91% | 14.94% |
| Apr 12, 2024 | Darren Aftahi | Roth Capital | $8.00 | $3.07 | 160.59% | 31.36% |
| Apr 12, 2024 | John Todaro | Needham | $11.00 | $3.07 | 258.31% | 80.62% |
| Apr 05, 2024 | Lucas Pipes | B.Riley Financial | $8.00 | $3.27 | 144.65% | 31.36% |
| Mar 18, 2024 | John Todaro | Needham | $13.00 | $4.24 | 206.60% | 113.46% |
| Oct 06, 2023 | Kevin Dede | H.C. Wainwright | $12.00 | $5.12 | 134.38% | 97.04% |
| Jul 25, 2023 | John Todaro | Needham | $17.50 | $10.24 | 70.90% | 187.36% |
The latest Applied Digital stock forecast, released on Sep 13, 2024 by Lucas Pipes from B.Riley Financial, set a price target of $9.00, which represents a 49.50% increase from the stock price at the time of the forecast ($6.02), and a 47.78% increase from APLD last price ($6.09).
Applied Digital Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 9 |
| Avg Price Target | $9.50 | $9.50 | $9.78 |
| Last Closing Price | $6.09 | $6.09 | $6.09 |
| Upside/Downside | 55.99% | 55.99% | 60.59% |
In the current month, the average price target of Applied Digital stock is $9.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 55.99% increase as opposed to Applied Digital's last price of $6.09. This month's average price target is down 0.00% compared to last quarter, and down -2.86% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 13, 2024 | B. Riley | Buy | Buy | Hold |
| Sep 06, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Aug 29, 2024 | Needham | Underperform | Underperform | Hold |
| Aug 29, 2024 | Roth Capital | Buy | Buy | Hold |
| Jun 28, 2024 | Roth Capital | Buy | Buy | Hold |
| Jun 28, 2024 | B. Riley | Buy | Buy | Hold |
| Jun 12, 2024 | Needham | Buy | Buy | Hold |
| Jun 12, 2024 | Lake Street | Underperform | Underperform | Hold |
| May 06, 2024 | Needham | Buy | Buy | Hold |
| May 06, 2024 | Lake Street | Underperform | Underperform | Hold |
Applied Digital's last stock rating was published by B. Riley on Sep 13, 2024. The company gave APLD a "Buy" rating, the same as its previous rate.
Applied Digital Financial Forecast
Applied Digital Revenue Forecast
| May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $36.32M | $22.04M | - | - | $6.92M | $7.52M | - |
| Avg Forecast | $118.53M | $108.18M | $99.20M | $76.32M | $82.87M | $69.00M | $62.78M | $54.85M | $37.61M | $49.94M | $55.66M | $33.80M | $22.38M | $17.12M | $12.20M | $6.32M | $7.10M | $938.00K |
| High Forecast | $118.53M | $108.18M | $99.20M | $76.32M | $82.87M | $69.00M | $62.78M | $62.53M | $37.61M | $49.94M | $61.30M | $33.80M | $22.38M | $17.12M | $12.20M | $6.32M | $8.06M | $1.13M |
| Low Forecast | $118.53M | $108.18M | $99.20M | $76.32M | $82.87M | $69.00M | $62.78M | $49.95M | $37.61M | $49.94M | $50.40M | $33.80M | $22.38M | $17.12M | $12.20M | $6.32M | $5.99M | $764.11K |
| # Analysts | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 2 | 2 | 3 | 1 | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 0.98% | - | - | 1.10% | 1.06% | - |
Applied Digital's average Quarter revenue forecast for Dec 23 based on 5 analysts is $55.66M, with a low forecast of $50.40M, and a high forecast of $61.30M. APLD's average Quarter revenue forecast represents a 53.24% increase compared to the company's last Quarter revenue of $36.32M (Aug 23).
Applied Digital EBITDA Forecast
| May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 2 | 2 | 3 | 1 | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $2.73M | $-6.24M | - | - | $-3.04M | $-3.02M | - |
| Avg Forecast | $4.58M | $4.18M | $3.84M | $2.95M | $3.21M | $2.67M | $2.43M | $2.12M | $1.45M | $1.93M | $2.15M | $1.31M | $865.74K | $662.02K | $471.97K | $-1.01M | $-1.13M | $-149.20K |
| High Forecast | $4.58M | $4.18M | $3.84M | $2.95M | $3.21M | $2.67M | $2.43M | $2.42M | $1.45M | $1.93M | $2.37M | $1.31M | $865.74K | $662.02K | $471.97K | $-1.01M | $-952.92K | $-121.54K |
| Low Forecast | $4.58M | $4.18M | $3.84M | $2.95M | $3.21M | $2.67M | $2.43M | $1.93M | $1.45M | $1.93M | $1.95M | $1.31M | $865.74K | $662.02K | $471.97K | $-1.01M | $-1.28M | $-179.45K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 2.09% | -7.21% | - | - | 3.02% | 2.67% | - |
5 analysts predict APLD's average Quarter EBITDA for Dec 23 to be $2.15M, with a high of $2.37M and a low of $1.95M. This is -21.23% lower than Applied Digital's previous annual EBITDA (Aug 23) of $2.73M.
Applied Digital Net Income Forecast
| May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 2 | 2 | 3 | 1 | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $-11.46M | $-6.86M | - | - | $-4.66M | $-2.92M | - |
| Avg Forecast | $-29.92M | $-31.17M | $-31.17M | $-43.01M | $-30.10M | $-33.13M | $-34.02M | $-34.02M | $-27.25M | $-8.93M | $9.14M | $-4.63M | $-6.03M | $-6.65M | $-7.90M | $-5.26M | $-7.77M | $-10.34M |
| High Forecast | $-29.92M | $-31.17M | $-31.17M | $-43.01M | $-30.10M | $-33.13M | $-34.02M | $-24.63M | $-27.25M | $-8.93M | $91.42M | $-4.63M | $-6.03M | $-6.65M | $-7.90M | $-5.26M | $-6.19M | $-7.84M |
| Low Forecast | $-29.92M | $-31.17M | $-31.17M | $-43.01M | $-30.10M | $-33.13M | $-34.02M | $-39.88M | $-27.25M | $-8.93M | $-64.00M | $-4.63M | $-6.03M | $-6.65M | $-7.90M | $-5.26M | $-9.13M | $-13.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 2.47% | 1.14% | - | - | 0.89% | 0.38% | - |
Applied Digital's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. APLD's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Applied Digital SG&A Forecast
| May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 2 | 2 | 3 | 1 | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $17.05M | $12.33M | - | - | $4.71M | $4.32M | - |
| Avg Forecast | $140.23M | $127.99M | $117.37M | $90.29M | $98.05M | $81.64M | $74.28M | $64.89M | $44.49M | $59.08M | $65.85M | $39.99M | $26.48M | $20.25M | $14.44M | $17.80M | $20.00M | $2.64M |
| High Forecast | $140.23M | $127.99M | $117.37M | $90.29M | $98.05M | $81.64M | $74.28M | $73.98M | $44.49M | $59.08M | $72.52M | $39.99M | $26.48M | $20.25M | $14.44M | $17.80M | $22.69M | $3.18M |
| Low Forecast | $140.23M | $127.99M | $117.37M | $90.29M | $98.05M | $81.64M | $74.28M | $59.10M | $44.49M | $59.08M | $59.62M | $39.99M | $26.48M | $20.25M | $14.44M | $17.80M | $16.86M | $2.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.47% | - | - | 0.26% | 0.22% | - |
Applied Digital's average Quarter SG&A projection for Dec 23 is $65.85M, based on 5 Wall Street analysts, with a range of $59.62M to $72.52M. The forecast indicates a 286.18% rise compared to APLD last annual SG&A of $17.05M (Aug 23).
Applied Digital EPS Forecast
| May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 2 | 2 | 3 | 1 | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $-0.11 | $-0.07 | - | - | $-0.05 | $-0.05 | - |
| Avg Forecast | $-0.24 | $-0.25 | $-0.25 | $-0.34 | $-0.24 | $-0.27 | $-0.27 | $-0.27 | $-0.22 | $-0.07 | $0.07 | $-0.04 | $-0.05 | $-0.05 | $-0.06 | $-0.04 | $-0.06 | $-0.09 |
| High Forecast | $-0.24 | $-0.25 | $-0.25 | $-0.34 | $-0.24 | $-0.27 | $-0.27 | $-0.20 | $-0.22 | $-0.07 | $0.73 | $-0.04 | $-0.05 | $-0.05 | $-0.06 | $-0.04 | $-0.05 | $-0.07 |
| Low Forecast | $-0.24 | $-0.25 | $-0.25 | $-0.34 | $-0.24 | $-0.27 | $-0.27 | $-0.32 | $-0.22 | $-0.07 | $-0.51 | $-0.04 | $-0.05 | $-0.05 | $-0.06 | $-0.04 | $-0.08 | $-0.12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 2.96% | 1.49% | - | - | 1.15% | 0.80% | - |
According to undefined Wall Street analysts, Applied Digital's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to APLD previous annual EPS of $NaN (undefined).
Applied Digital Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CLSK | CleanSpark | $9.38 | $25.33 | 170.04% | Buy |
| RIOT | Riot Blockchain | $7.20 | $16.14 | 124.17% | Buy |
| BTBT | Bit Digital | $2.87 | $6.00 | 109.06% | Buy |
| BITF | Bitfarms | $2.04 | $4.26 | 108.82% | Buy |
| MARA | Marathon Digital | $16.12 | $31.20 | 93.55% | Buy |
| APLD | Applied Digital | $6.09 | $9.83 | 61.41% | Buy |
| HUT | Hut 8 Mining | $11.24 | $15.70 | 39.68% | Buy |
| LAZ | Lazard | $47.77 | $53.25 | 11.47% | Buy |
| GHL | Greenhill | $14.99 | $8.50 | -43.30% | Hold |
APLD Forecast FAQ
Is Applied Digital a good buy?
Yes, according to 4 Wall Street analysts, Applied Digital (APLD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of APLD's total ratings.
What is APLD's price target?
Applied Digital (APLD) average price target is $9.83 with a range of $7 to $12, implying a 61.41% from its last price of $6.09. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Applied Digital stock go up soon?
According to Wall Street analysts' prediction for APLD stock, the company can go up by 61.41% (from the last price of $6.09 to the average price target of $9.83), up by 97.04% based on the highest stock price target, and up by 14.94% based on the lowest stock price target.
Can Applied Digital stock reach $9?
APLD's average twelve months analyst stock price target of $9.83 supports the claim that Applied Digital can reach $9 in the near future.
What is Applied Digital's current price target trend?
2 Wall Street analysts forecast a $9.5 price target for Applied Digital (APLD) this month, up 55.99% from its last price of $6.09. Compared to the last 3 and 12 months, the average price target increased by 55.99% and increased by 60.59%, respectively.
What are Applied Digital's analysts' financial forecasts?
Applied Digital's analysts financial forecasts for the fiscal year (May 2025) are as follows: average revenue is $269.51M (high $277.19M, low $264.61M), average EBITDA is $10.42M (high $10.72M, low $10.24M), average net income is $-131M (high $-122M, low $-137M), average SG&A $318.85M (high $327.94M, low $313.06M), and average EPS is $-1.053 (high $-0.978, low $-1.1). APLD's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $402.23M (high $402.23M, low $402.23M), average EBITDA is $15.56M (high $15.56M, low $15.56M), average net income is $-135M (high $-135M, low $-135M), average SG&A $475.88M (high $475.88M, low $475.88M), and average EPS is $-1.085 (high $-1.085, low $-1.085).
Did the APLD's actual financial results beat the analysts' financial forecasts?
Based on Applied Digital's last annual report (May 2023), the company's revenue was $55.39M, which missed the average analysts forecast of $58.02M by -4.53%. Apple's EBITDA was $-44.055M, missing the average prediction of $994.08K by -4531.74%. The company's net income was $-45.606M, beating the average estimation of $-25.832M by 76.55%. Apple's SG&A was $55.06M, missing the average forecast of $78.96M by -30.27%. Lastly, the company's EPS was $-0.0005, missing the average prediction of $-0.208 by -99.76%. In terms of the last quarterly report (Aug 2023), Applied Digital's revenue was $36.32M, beating the average analysts' forecast of $33.8M by 7.46%. The company's EBITDA was $2.73M, beating the average prediction of $1.31M by 109.05%. Applied Digital's net income was $-11.457M, beating the average estimation of $-4.63M by 147.43%. The company's SG&A was $17.05M, missing the average forecast of $39.99M by -57.36%. Lastly, the company's EPS was $-0.11, beating the average prediction of $-0.0371 by 196.15%