What 8 Analyst Ratings Have To Say About Applied Digital
Portfolio Pulse from Benzinga Insights
Over the past three months, 8 analysts have evaluated Applied Digital (NASDAQ:APLD), with all ratings being bullish. The average 12-month price target is $9.12, a 26.33% decline from the prior average. Analysts have adjusted their price targets, reflecting changes in market conditions and company performance. Applied Digital has shown significant revenue growth but faces challenges in profitability, return on equity, return on assets, and debt management.
June 12, 2024 | 1:01 pm
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Applied Digital has received 8 bullish ratings from analysts over the past three months. The average 12-month price target is $9.12, a 26.33% decline from the prior average. Despite strong revenue growth, the company faces challenges in profitability, return on equity, return on assets, and debt management.
The unanimous bullish ratings from analysts suggest positive sentiment towards Applied Digital. However, the decline in the average price target and financial challenges indicate mixed short-term prospects. The strong revenue growth is a positive indicator, but issues with profitability and debt management could weigh on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100