
APLD Stock Forecast & Price Target
APLD Analyst Ratings
Bulls say
Applied Digital Corp is poised for growth due to its strategic facility expansions and an easing labor market, which allow the company to exceed initial supply-side estimates. With a strong focus on high-performance computing (HPC) and artificial intelligence (AI) markets, the company is set to complete a substantial HPC build-out of 100MW, with an additional 300MW in discussions, indicating robust demand prospects. Furthermore, transitioning beyond crypto mining to diversify revenue streams, including non-crypto applications through its SAI Compute subsidiary, positions Applied Digital favorably for consistent long-term revenue growth projected to reach $498 million by the sixth year post-energization.
Bears say
Applied Digital Corp faces substantial risks that contribute to a negative outlook on its stock, primarily driven by macroeconomic pressures and supply chain concerns. The anticipated Q2 2024 bitcoin halving is expected to adversely impact margins for its Bitcoin mining customers, potentially affecting contract revenues. Additionally, increasing competition from proprietary miners and the need for significant capital investment in hardware heightens the vulnerability of Applied Digital's operations and financial stability.
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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