Applied Digital (APLD) Stock Has 100% Upside According to Analysts. Here Is the Catch
TLDR
- APLD rose 2.2% to $29.69 in midday trading, with volume 51% below average
- Revenue jumped 406.3% year over year to $240.35 million, crushing the $96.85 million estimate
- EPS came in at -$0.39, missing the -$0.09 consensus by a wide margin
- Analyst consensus sits at “Moderate Buy” with an average price target of $68.15
- Director Richard Nottenburg sold 75,000 shares at $31.15 on August 4th
Applied Digital (APLD) climbed 2.2% on Tuesday, hitting $29.69 intraday before closing. Trading volume came in at roughly 11.8 million shares, about 51% below the daily average of 24.1 million.
The stock has a beta of 5.75, making it one of the more volatile names in the AI infrastructure space. It is currently trading below both its 50-day moving average of $35.10 and its 200-day moving average of $34.03.
The company’s most recent quarter told two very different stories at once.
Revenue came in at $240.35 million, a 406.3% jump compared to the same period last year, and more than double the analyst estimate of $96.85 million. That is a rare kind of beat.
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