Applied Digital Likely To Report Narrower Q1 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Applied Digital Corporation APLD is expected to release financial results for the fiscal first quarter ended Aug. 31, 2023, before the opening bell on Oct. 9, 2023.

Analysts expect the company to post a quarterly loss at 2 cents per share, compared to a year-ago loss of 5 cents per share. The company’s revenue might come in at $35.16 million, compared to $6.64 million in the year-ago period.

Applied Digital shares fell 5% to close at $5.20 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• HC Wainwright & Co. analyst Kevin Dede reiterated a Buy rating with a price target of $12 on Sept. 21, 2023. This analyst has an accuracy rate of 67%.
• B. Riley Securities analyst Lucas Pipes maintained a Buy rating and slashed the price target from $18 to $16 on Sept. 18, 2023. This analyst has an accuracy rate of 64%.
• Needham analyst John Todaro maintained a Buy rating and increased the price target from $16 to $17.5 on July 25, 2023. This analyst has an accuracy rate of 79%.
• Lake Street analyst Rob Brown maintained a Buy rating and boosted the price target from $9 to $16 on July 17, 2023. This analyst has an accuracy rate of 79%.
• Craig-Hallum analyst George Sutton maintained a Buy rating and raised the price target from $10 to $13 on May 17, 2023. This analyst has an accuracy rate of 63%.

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