Evaluating Applied Digital: Insights From 9 Financial Analysts
Portfolio Pulse from Benzinga Insights
Applied Digital (NASDAQ:APLD) has received evaluations from 9 analysts over the past three months, all of which are bullish. The average 12-month price target has increased to $9.22, with a high of $11.00 and a low of $5.00. Analysts have adjusted their ratings and price targets in response to market dynamics, with some maintaining and others raising or lowering their targets. Applied Digital has shown significant revenue growth but faces challenges with profitability and asset utilization.
August 29, 2024 | 6:00 pm
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POSITIVE IMPACT
Applied Digital has received bullish evaluations from 9 analysts, with an average price target of $9.22. The company has shown strong revenue growth but faces challenges in profitability and asset utilization.
All 9 analysts have a bullish outlook on APLD, indicating positive sentiment. The increase in the average price target suggests optimism about future performance. However, the company's financial metrics like net margin and ROE indicate challenges, which could temper the bullish sentiment. The strong revenue growth is a positive indicator, but the profitability issues need to be addressed for sustained positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100