
APLD Stock Forecast & Price Target
APLD Analyst Ratings
Bulls say
Applied Digital Corp is positioned to capitalize on its expansion capabilities, driven by easing labor conditions and reduced supply constraints, which allows the company to exceed previous expectations for facility expansion. The company is strategically focused on the burgeoning High-Performance Computing (HPC) and Artificial Intelligence (AI) markets, with a substantial pipeline for increasing capacity by up to 600MW, supported by strong demand that exceeds forecasts. Although currently in a developmental phase, Applied Digital's projected revenue growth illustrates its potential, with anticipated annual gains reaching $498 million by the sixth year after energization, underscoring its attractive long-term financial outlook.
Bears say
Applied Digital Corp faces several significant risks that contribute to a negative outlook on its stock. The company is vulnerable to macroeconomic headwinds, such as potential recessions and geopolitical uncertainties, which may further exacerbate existing supply chain issues related to key components like transformers and GPU deliveries. Additionally, the anticipated Q2 2024 bitcoin halving could lead to negative margins for its cryptocurrency mining customers, along with increasing competition from proprietary miners, raising concerns about revenue stability and customer retention.
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
Start investing in APLD
Order type
Buy in
Order amount
Est. shares
0 shares