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Applied Digital Corp has a consensus price target of $11.25 based on the ratings of 8 analysts. The high is $16 issued by Needham on January 17, 2024. The low is $9 issued by B. Riley Securities on September 13, 2024. The 3 most-recent analyst ratings were released by Needham, Needham, and HC Wainwright & Co. on November 1, 2024, October 17, 2024, and October 16, 2024, respectively. With an average price target of $10.67 between Needham, Needham, and HC Wainwright & Co., there's an implied 31.69% upside for Applied Digital Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Applied Digital (NASDAQ:APLD) was reported by Needham on November 1, 2024. The analyst firm set a price target for $11.00 expecting APLD to rise to within 12 months (a possible 35.80% upside). 28 analyst firms have reported ratings in the last year.
The latest analyst rating for Applied Digital (NASDAQ:APLD) was provided by Needham, and Applied Digital reiterated their buy rating.
There is no last upgrade for Applied Digital
There is no last downgrade for Applied Digital.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Applied Digital, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Applied Digital was filed on November 1, 2024 so you should expect the next rating to be made available sometime around November 1, 2025.
While ratings are subjective and will change, the latest Applied Digital (APLD) rating was a reiterated with a price target of $11.00 to $11.00. The current price Applied Digital (APLD) is trading at is $8.10, which is out of the analyst’s predicted range.
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