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Applied Digital (APLD) Stock Forecast, Price Target & Predictions

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APLD Stock Forecast

Applied Digital stock forecast is as follows: an average price target of $9.50 (represents a 32.50% upside from APLD’s last price of $7.17) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.

APLD Price Target

The average price target for Applied Digital (APLD) is $9.50 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $11.00 to $7.00. This represents a potential 32.50% upside from APLD's last price of $7.17.

APLD Analyst Ratings

Buy

According to 7 Wall Street analysts, Applied Digital's rating consensus is 'Buy'. The analyst rating breakdown for APLD stock is 0 'Strong Buy' (0.00%), 7 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Applied Digital Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 16, 2024Kevin DedeH.C. Wainwright$10.00$7.3036.99%39.47%
Oct 08, 2024Kevin DedeH.C. Wainwright$5.00$7.20-30.51%-30.26%
Sep 13, 2024Lucas PipesB.Riley Financial$9.00$6.0249.50%25.52%
Aug 29, 2024Darren AftahiRoth Capital$10.00$4.41126.76%39.47%
Apr 12, 2024George SuttonCraig-Hallum$10.00$2.96237.27%39.47%
Apr 12, 2024Rob BrownLoop Capital Markets$7.00$2.83146.91%-2.37%
Apr 12, 2024Darren AftahiRoth Capital$8.00$3.07160.59%11.58%
Apr 12, 2024John TodaroNeedham$11.00$3.07258.31%53.42%
Apr 05, 2024Lucas PipesB.Riley Financial$8.00$3.27144.65%11.58%
Mar 18, 2024John TodaroNeedham$13.00$4.24206.60%81.31%
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The latest Applied Digital stock forecast, released on Oct 16, 2024 by Kevin Dede from H.C. Wainwright, set a price target of $10.00, which represents a 36.99% increase from the stock price at the time of the forecast ($7.30), and a 39.47% increase from APLD last price ($7.17).

Applied Digital Price Target by Period

1M3M12M
# Anlaysts1410
Avg Price Target$10.00$8.50$9.10
Last Closing Price$7.17$7.17$7.17
Upside/Downside39.47%18.55%26.92%

In the current month, the average price target of Applied Digital stock is $10.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 39.47% increase as opposed to Applied Digital's last price of $7.17. This month's average price target is up 17.65% compared to last quarter, and up 9.89% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024H.C. WainwrightBuyBuyHold
Oct 10, 2024Roth CapitalBuyBuyHold
Oct 10, 2024Lake StreetBuyBuyHold
Oct 10, 2024Craig-HallumBuyBuyHold
Oct 08, 2024NeedhamBuyBuyHold
Sep 13, 2024B. RileyBuyBuyHold
Sep 06, 2024Craig-HallumBuyBuyHold
Aug 29, 2024NeedhamUnderperformUnderperformHold
Aug 29, 2024Roth CapitalBuyBuyHold
Jun 28, 2024Roth CapitalBuyBuyHold
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Applied Digital's last stock rating was published by H.C. Wainwright on Oct 16, 2024. The company gave APLD a "Buy" rating, the same as its previous rate.

Applied Digital Financial Forecast

Applied Digital Revenue Forecast

May 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22
Revenue---------------$36.32M$22.04M--$6.92M$7.52M-
Avg Forecast$141.90M$123.90M$117.70M$117.70M$123.45M$115.34M$102.91M$82.89M$78.03M$65.70M$63.39M$54.85M$37.61M$49.94M$55.66M$33.80M$22.38M$17.12M$12.20M$6.32M$7.10M$938.00K
High Forecast$159.28M$139.08M$132.12M$132.12M$138.57M$129.47M$115.51M$93.05M$87.59M$74.63M$66.72M$61.57M$37.61M$49.94M$61.30M$37.94M$25.12M$19.21M$13.70M$7.28M$8.18M$1.08M
Low Forecast$131.63M$114.93M$109.18M$109.18M$114.51M$106.99M$95.45M$76.89M$72.38M$60.98M$58.71M$50.88M$37.61M$49.94M$50.40M$31.35M$20.76M$15.88M$11.32M$5.60M$6.29M$830.40K
# Analysts2322231115522452231112
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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22
# Analysts2322231115522452231112
EBITDA---------------$2.73M$-6.24M--$-3.04M$-3.02M-
Avg Forecast$5.49M$4.79M$4.55M$4.55M$4.78M$4.46M$3.98M$3.21M$3.02M$2.54M$2.45M$2.12M$1.45M$1.93M$2.15M$1.31M$865.74K$662.02K$471.97K$244.54K$274.74K$36.28K
High Forecast$6.16M$5.38M$5.11M$5.11M$5.36M$5.01M$4.47M$3.60M$3.39M$2.89M$2.58M$2.38M$1.45M$1.93M$2.37M$1.47M$971.80K$743.12K$529.79K$281.46K$316.21K$41.76K
Low Forecast$5.09M$4.45M$4.22M$4.22M$4.43M$4.14M$3.69M$2.97M$2.80M$2.36M$2.27M$1.97M$1.45M$1.93M$1.95M$1.21M$803.06K$614.09K$437.80K$216.49K$243.22K$32.12K
Surprise %---------------2.09%-7.21%---12.44%-11.00%-

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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22
# Analysts2322231115522452231112
Net Income---------------$-11.46M$-6.86M--$-4.66M$-2.92M-
Avg Forecast$-35.76M$-35.76M$-32.78M$-31.29M$-11.92M$-11.18M$-11.92M$-20.86M$-18.52M$-20.01M$-19.80M$-40.66M$-32.57M$-10.68M$10.93M$-5.53M$-7.20M$-7.95M$-9.44M$-6.46M$-9.54M$-14.04M
High Forecast$-32.40M$-32.40M$-29.70M$-28.35M$-10.80M$-10.12M$-10.80M$-18.90M$-16.78M$-14.55M$-11.31M$-36.83M$-29.50M$-9.67M$109.27M$-5.01M$-6.52M$-7.20M$-8.55M$-5.49M$-8.11M$-11.95M
Low Forecast$-41.46M$-41.46M$-38.00M$-36.27M$-13.82M$-12.96M$-13.82M$-24.18M$-21.47M$-29.11M$-25.45M$-47.13M$-37.76M$-12.38M$-76.49M$-6.42M$-8.35M$-9.21M$-10.94M$-7.72M$-11.41M$-16.80M
Surprise %---------------2.07%0.95%--0.72%0.31%-

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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22
# Analysts2322231115522452231112
SG&A---------------$17.05M$12.33M--$4.71M$4.32M-
Avg Forecast$167.88M$146.59M$139.25M$139.25M$146.05M$136.45M$121.75M$98.07M$92.32M$77.73M$74.99M$64.89M$44.49M$59.08M$65.85M$39.99M$26.48M$20.25M$14.44M$7.48M$8.40M$1.11M
High Forecast$188.45M$164.54M$156.31M$156.31M$163.95M$153.17M$136.66M$110.08M$103.62M$88.30M$78.94M$72.84M$44.49M$59.08M$72.52M$44.89M$29.72M$22.73M$16.20M$8.61M$9.67M$1.28M
Low Forecast$155.73M$135.97M$129.17M$129.17M$135.48M$126.57M$112.93M$90.97M$85.63M$72.15M$69.46M$60.19M$44.49M$59.08M$59.62M$37.09M$24.56M$18.78M$13.39M$6.62M$7.44M$982.44K
Surprise %---------------0.43%0.47%--0.63%0.51%-

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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22
# Analysts2322231115522452231112
EPS---------------$-0.11$-0.07--$-0.05$-0.05-
Avg Forecast$-0.24$-0.24$-0.22$-0.21$-0.08$-0.07$-0.08$-0.14$-0.12$-0.13$-0.13$-0.27$-0.22$-0.07$0.07$-0.04$-0.05$-0.05$-0.06$-0.04$-0.06$-0.09
High Forecast$-0.22$-0.22$-0.20$-0.19$-0.07$-0.07$-0.07$-0.13$-0.11$-0.10$-0.08$-0.25$-0.20$-0.06$0.73$-0.03$-0.04$-0.05$-0.06$-0.04$-0.05$-0.08
Low Forecast$-0.28$-0.28$-0.26$-0.24$-0.09$-0.09$-0.09$-0.16$-0.14$-0.20$-0.17$-0.32$-0.25$-0.08$-0.51$-0.04$-0.06$-0.06$-0.07$-0.05$-0.08$-0.11
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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BITFBitfarms$2.27$4.2687.67%Buy
CLSKCleanSpark$14.98$25.3369.09%Buy
BTBTBit Digital$4.64$6.5040.09%Buy
MARAMarathon Digital$21.70$29.2534.79%Buy
APLDApplied Digital$7.17$9.5032.50%Buy
RIOTRiot Blockchain$12.67$16.5630.70%Buy
LAZLazard$54.95$53.25-3.09%Buy
HUTHut 8 Mining$24.78$14.90-39.87%Buy
GHLGreenhill$14.99$8.50-43.30%Hold

APLD Forecast FAQ

Is Applied Digital a good buy?

Yes, according to 7 Wall Street analysts, Applied Digital (APLD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 100.00% of APLD's total ratings.

What is APLD's price target?

Applied Digital (APLD) average price target is $9.5 with a range of $7 to $11, implying a 32.50% from its last price of $7.17. The data is based on 7 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 32.50% (from the last price of $7.17 to the average price target of $9.5), up by 53.42% based on the highest stock price target, and down by -2.37% based on the lowest stock price target.

Can Applied Digital stock reach $11?

APLD's average twelve months analyst stock price target of $9.5 does not support the claim that Applied Digital can reach $11 in the near future.

What is Applied Digital's current price target trend?

1 Wall Street analyst forecast a $10 price target for Applied Digital (APLD) this month, up 39.47% from its last price of $7.17. Compared to the last 3 and 12 months, the average price target increased by 18.55% and increased by 26.92%, respectively.

What are Applied Digital's analysts' financial forecasts?

Applied Digital's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $424.58M (high $476.6M, low $393.84M), average EBITDA is $16.42M (high $18.43M, low $15.23M), average net income is $-55.878M (high $-50.619M, low $-64.778M), average SG&A $502.32M (high $563.86M, low $465.95M), and average EPS is $-0.375 (high $-0.34, low $-0.435). APLD's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $501.2M (high $562.6M, low $464.91M), average EBITDA is $19.39M (high $21.76M, low $17.98M), average net income is $-136M (high $-123M, low $-157M), average SG&A $592.97M (high $665.61M, low $550.04M), and average EPS is $-0.91 (high $-0.824, low $-1.055).

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 $2.24M by -2063.01%. The company's net income was $-45.606M, beating the average estimation of $-31.043M by 46.91%. Apple's SG&A was $55.06M, missing the average forecast of $68.65M by -19.79%. 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 $-5.535M by 107.00%. 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%