Applied Digital Likely To Report Narrower Q1 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Applied Digital Corporation (NASDAQ:APLD) is expected to report a narrower Q1 loss of 2 cents per share, compared to a year-ago loss of 5 cents per share. The company's revenue is projected to be $35.16 million, a significant increase from $6.64 million in the year-ago period. Several analysts have maintained a 'Buy' rating on the company, with price targets ranging from $12 to $17.5.
October 06, 2023 | 6:32 pm
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Applied Digital is expected to report a narrower Q1 loss and a significant increase in revenue. Analysts maintain a 'Buy' rating with price targets between $12 and $17.5.
The expected improvement in Applied Digital's Q1 results, coupled with the maintained 'Buy' ratings and increased price targets from analysts, suggest a positive short-term impact on the company's stock. The company's projected revenue increase indicates strong performance, which is likely to be viewed favorably by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100