In-Depth Examination Of 4 Analyst Recommendations For Applied Digital
Portfolio Pulse from Benzinga Insights
Applied Digital (NASDAQ:APLD) received 4 analyst ratings in the last three months, all bullish, with a current average price target of $13.25, down 8.62% from the previous $14.50. Analysts from B. Riley Securities and Needham adjusted their price targets, reflecting changes in market conditions and company performance. Applied Digital's financials show a 242.0% revenue growth rate as of November 30, 2023, but a net margin of -24.95% and a debt-to-equity ratio of 1.18, indicating challenges in profitability and a balanced debt management approach.
April 05, 2024 | 6:00 pm
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Applied Digital received all bullish ratings from analysts, with a revised average price target of $13.25, indicating a positive outlook despite a decrease from the previous target. The company's significant revenue growth contrasts with its profitability challenges.
The unanimous bullish sentiment from analysts, coupled with a high revenue growth rate, suggests a positive short-term impact on APLD's stock price. However, concerns about profitability and the lowered price target may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100