Key Takeaways:
- Applied Digital (APLD, Financial) stock fell 26% post Q3 earnings, despite increased sales.
- Current share price at $4.08 is well below the analyst target of $10.06.
- Analysts remain optimistic with a "Outperform" recommendation, citing significant upside potential.
Applied Digital Corp. (APLD) recently experienced a dramatic 26% drop in stock price following the release of its third-quarter earnings report. While the company reported impressive sales revenue growth, a significant net loss has sparked investor apprehension about its future profitability. Currently, the share price stands at just $4.08, starkly contrasting with the analysts' average target price of $10.06, which underscores market hesitancy regarding the company's aggressive revenue projections.
Wall Street Analysts' Projections
According to projections from nine analysts, the average price target for Applied Digital Corp. (APLD, Financial) over the next year is $10.06, with estimates ranging from a low of $7.00 to a high of $18.00. This average target suggests a remarkable potential upside of 119.98% from the current price of $4.57. For more precise estimate details, visit the Applied Digital Corp (APLD) Forecast page.
The consensus recommendation across nine brokerage firms currently stands at 1.9 for Applied Digital Corp. (APLD, Financial), indicating an "Outperform" status. This rating is based on a scale from 1 to 5, with 1 representing Strong Buy and 5 indicating Sell.
According to GuruFocus, the estimated GF Value for Applied Digital Corp. (APLD, Financial) one year from now is projected at $9.46, suggesting an upside potential of 106.95% compared to the current price of $4.5712. The GF Value is GuruFocus' notion of the fair trading value of the stock, derived from historical trading multiples, past business growth, and future performance forecasts. For a comprehensive analysis, please refer to the Applied Digital Corp (APLD) Summary page.
