Applied Digital (APLD) stock was on the rise Thursday after the company received several analyst updates. These follow the company’s latest earnings report, which saw it blow past Wall Street’s estimates.
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Let’s dig into the latest Applied Digital analyst updates below.
- Five-star Needham analyst John Todaro reiterated a Buy rating and a $41 price target, suggesting a possible 23.05% upside for the shares.
- Five-star Lake Street analyst Robert Brown maintained a Buy rating and a $45 price target, implying a potential 35.05% upside for the stock.
- Five-star Craig-Hallum analyst George Sutton kept a Buy rating and a $40 price target, representing a possible 20.05% upside for the shares.
- Four-star Northland Securities analyst Michael Grondahl reiterated a Buy rating and a $40 price target.
- Four-star H.C. Wainwright analyst Kevin Dede maintained a Buy rating and a $40 price target.
- Four-star Roth MKM analyst Darren Aftahi kept a Buy rating and increased his price target to $58 from $56, suggesting a potential 74.07% upside for the stock.
Applied Digital Stock Movement Today
Applied Digital stock was up 11.33% on Thursday, extending a 35.66% rally year-to-date. The stock has also gained 256.57% over the past 12 months.
APLD stock also experienced heavy trading today, as some 38.33 million shares changed hands. That’s well above the company’s three-month daily average trading volume of about 22.84 million shares.
Is Applied Digital Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Applied Digital is Strong Buy, based on 12 Buy ratings over the past three months. With that comes an average APLD stock price target of $47.50, representing a potential 44.66% upside for the shares.
