On May 22, 2025, Applied Digital (APLD, Financial) received new analyst coverage from JMP Securities. The firm initiated coverage with a "Market Outperform" rating, suggesting a positive outlook on the stock's future performance.
Greg Miller, the analyst from JMP Securities, set a price target of $12.00 USD for APLD. This price target reflects the analyst's expectations for the stock's potential value, aligning with the newly assigned "Market Outperform" rating.
Applied Digital (APLD, Financial) will be closely watched by investors following this new coverage, as the "Market Outperform" rating indicates confidence in the company's growth prospects. The $12.00 price target presents a benchmark for investors tracking the stock's market trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Applied Digital Corp (APLD, Financial) is $9.94 with a high estimate of $18.00 and a low estimate of $7.00. The average target implies an upside of 37.26% from the current price of $7.25. More detailed estimate data can be found on the Applied Digital Corp (APLD) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Applied Digital Corp's (APLD, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Applied Digital Corp (APLD, Financial) in one year is $9.46, suggesting a upside of 30.57% from the current price of $7.245. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Applied Digital Corp (APLD) Summary page.
