
APLD Stock Forecast & Price Target
APLD Analyst Ratings
Bulls say
Applied Digital Corp has demonstrated a robust financial performance with a significant revenue increase of 39% in the High-Performance Computing (HPC) segment, reaching $763 million, compared to previous estimates. The company is positioned for substantial future growth, with the potential of its PF1 and PF2 facilities anticipated to generate revenues in the ballpark of $250 billion annually by 2028-2030, driven by a strong development pipeline and facility expansions. Furthermore, the recent quarterly results show total revenue of $64.2 million, a notable increase from $34.8 million in the previous quarter, highlighting a positive trajectory in business operations.
Bears say
Applied Digital Corp has reported gross margins significantly below estimates, primarily due to heightened fit-out costs, which raises concerns about profitability. The company faces substantial risks stemming from macroeconomic challenges, supply chain delays, and the anticipated negative impact on its bitcoin mining customers due to the upcoming Q2 2024 bitcoin halving. Additionally, the company's inability to deliver for CoreWeave and increasing competition from independent miners further exacerbates uncertainty regarding future contracts and demand for its services.
This aggregate rating is based on analysts' research of Applied Digital Corporation and is not a guaranteed prediction by Public.com or investment advice.
APLD Analyst Forecast & Price Prediction
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