Key Takeaways From Applied Digital Analyst Ratings
Portfolio Pulse from Benzinga Insights
In the past three months, 10 analysts have rated Applied Digital (NASDAQ:APLD), with a majority being bullish. The average 12-month price target has increased by 6.38% to $10.0. Analysts have adjusted their ratings and price targets, reflecting positive sentiment. Despite strong revenue growth, the company faces challenges with profitability and debt management.
October 10, 2024 | 8:01 pm
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Applied Digital has received predominantly bullish ratings from analysts, with an increase in the average price target to $10.0. The company shows strong revenue growth but faces challenges in profitability and debt management.
The majority of analysts have given bullish ratings, indicating positive sentiment. The increase in the average price target suggests expectations of stock price appreciation. However, financial challenges such as low profitability and high debt may limit upside potential.
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IMPORTANCE 80
RELEVANCE 100