On June 2, 2025, Needham analyst John Todaro reaffirmed his position on Applied Digital (APLD, Financial) by reiterating a 'Buy' rating for the company. The decision comes alongside the maintenance of a $10.00 price target, unchanged from prior assessments.
The analyst's outlook remains consistent, as the current price target of $10.00 matches the previous valuation and reflects no percentage change in the forecasted value. This consistency signals ongoing confidence in Applied Digital's potential market performance.
Investors in Applied Digital (APLD, Financial) will find reassurance in the sustained 'Buy' rating, as it indicates continued positive sentiment from Needham regarding the stock's prospects. The reaffirmed price target further solidifies the analyst's outlook on maintaining the $10 valuation mark.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Applied Digital Corp (APLD, Financial) is $10.15 with a high estimate of $18.00 and a low estimate of $7.00. The average target implies an upside of 2.37% from the current price of $9.92. More detailed estimate data can be found on the Applied Digital Corp (APLD) Forecast page.
Based on the consensus recommendation from 10 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 downside of 4.59% from the current price of $9.915. 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.
