Top Wall Street Forecasters Revamp Applied Digital Price Expectations Ahead Of Q1 Earnings
Portfolio Pulse from Avi Kapoor
Applied Digital Corporation (NASDAQ:APLD) is set to release its Q1 earnings, with analysts expecting a loss of 29 cents per share. The company recently secured $160 million in private placement financing, involving investors like NVIDIA. Analysts have varied price targets for APLD, ranging from $5 to $11, with most maintaining a Buy rating.
October 08, 2024 | 2:08 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Applied Digital is expected to report a Q1 loss of 29 cents per share, a significant increase from the previous year's loss. The company secured $160 million in financing, involving NVIDIA, which may impact its financial stability and growth prospects. Analysts have mixed price targets but generally maintain a Buy rating.
The expected increase in quarterly loss may negatively impact short-term stock price, but the $160 million financing and involvement of NVIDIA could provide a positive outlook. Analysts' Buy ratings suggest confidence in long-term growth, but varied price targets indicate uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVIDIA is involved in a $160 million private placement financing for Applied Digital. This investment indicates NVIDIA's interest in Applied Digital's growth potential, but the direct impact on NVIDIA's stock is likely minimal.
NVIDIA's involvement in the financing of Applied Digital suggests strategic interest, but given NVIDIA's size, this investment is unlikely to significantly impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30