Price prediction for APLD next 90 days?

The price target for Applied Digital Corporation (APLD) stock is $8.83, with a high forecast of $12.00 and a low forecast of $5.00. The average price target represents a 69.16% change from the last closing price of $5.22.

1. Analyst Ratings: The stock has a "Strong Buy" rating according to 7 analysts, with no "Sell" or "Hold" ratings. This indicates a unanimous positive sentiment among analysts.
2. Price Target Action: The price target has been maintained by analysts, which suggests stability in their expectations.
3. Market Trends: Applied Digital is benefiting from investments in artificial intelligence, which could contribute to its growth. The company has also raised $160 million in a financing round that included backers like Nvidia, which is a positive signal for the stock.
4. Financial Performance: The company's revenue has shown significant growth, increasing by 198.92% in 2024 compared to the previous year, which could bode well for future performance.

Given these factors, it is reasonable to be optimistic about APLD's price prospects over the next 90 days. However, investors should consider that stock prices are subject to market conditions and can be volatile in the short term.