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NASDAQ: APLD
Applied Blockchain Inc Stock Forecast, Predictions & Price Target

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Analyst price target for APLD

Based on 5 analysts offering 12 month price targets for Applied Blockchain Inc.
Min Forecast
$5.50+187.96%
Avg Forecast
$8.60+350.26%
Max Forecast
$10.00+423.56%

Should I buy or sell APLD stock?

Based on 5 analysts offering ratings for Applied Blockchain Inc.
Strong Buy
Strong Buy
2 analysts 40%
Buy
3 analysts 60%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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APLD stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Craig-Hallum
Top 24%
77
BuyInitiates Coverage On$10.00+423.56%2022-05-23
Lake Street
Bottom 28%
28
Strong BuyInitiates Coverage On$10.00+423.56%2022-05-09
Northland Securities
Bottom 6%
6
BuyInitiates Coverage On$7.50+292.67%2022-05-09
B. Riley Securities
Bottom 5%
5
Strong BuyInitiates Coverage On$10.00+423.56%2022-05-09
Needham
Bottom 13%
13
BuyInitiates Coverage On$5.50+187.96%2022-05-09

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Forecast return on equity

Is APLD forecast to generate an efficient return?
Company
133.82%
Industry
31.88%
Market
51.89%
APLD's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is APLD forecast to generate an efficient return on assets?
Company
62.65%
Industry
23.19%
APLD is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

APLD earnings per share forecast

What is APLD's earnings per share in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$0.04
Avg 2 year Forecast
$0.97

APLD revenue forecast

What is APLD's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$150.3M+789.61%
Avg 2 year Forecast
$610.2M+3,510.57%
APLD's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

APLD revenue growth forecast

How is APLD forecast to perform vs Internet Content & Information companies and vs the US market?
Company
500.88%
Industry
0.39%
Market
6.4%
APLD's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
APLD's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

APLD vs Internet Stocks

TickerPricePrice TargetUp/downsideConsensus
APLD$1.91$8.60+350.26%Strong Buy
CANG$1.29$4.75+268.22%Hold
OB$3.86$10.83+180.65%Buy
CDLX$4.44$19.75+344.82%Hold
BODY$0.70$1.97+181.00%Buy

Applied Blockchain Stock Forecast FAQ

Is Applied Blockchain Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NASDAQ: APLD) stock is to Strong Buy APLD stock.

Out of 5 analysts, 2 (40%) are recommending APLD as a Strong Buy, 3 (60%) are recommending APLD as a Buy, 0 (0%) are recommending APLD as a Hold, 0 (0%) are recommending APLD as a Sell, and 0 (0%) are recommending APLD as a Strong Sell.

If you're new to stock investing, here's how to buy Applied Blockchain stock.

What is APLD's earnings growth forecast for 2023-2024?

(NASDAQ: APLD) Applied Blockchain's forecast annual earnings growth rate of N/A is not forecast to beat the US Internet Content & Information industry's average forecast earnings growth rate of 10.09%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.07%.

Applied Blockchain's earnings in 2022 is -$13,954,000.On average, 2 Wall Street analysts forecast APLD's earnings for 2023 to be $3,769,557, with the lowest APLD earnings forecast at $0, and the highest APLD earnings forecast at $7,539,115.

In 2024, APLD is forecast to generate $91,411,769 in earnings, with the lowest earnings forecast at $91,411,769 and the highest earnings forecast at $91,411,769.

What is APLD's revenue growth forecast for 2023-2024?

(NASDAQ: APLD) Applied Blockchain's forecast annual revenue growth rate of 500.88% is forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 0.39%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 6.4%.

Applied Blockchain's revenue in 2022 is $16,899,000.On average, 2 Wall Street analysts forecast APLD's revenue for 2023 to be $14,167,410,594, with the lowest APLD revenue forecast at $12,003,213,406, and the highest APLD revenue forecast at $16,331,607,782.

In 2024, APLD is forecast to generate $57,499,887,411 in revenue, with the lowest revenue forecast at $57,499,887,411 and the highest revenue forecast at $57,499,887,411.

What is APLD's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: APLD) forecast ROA is 62.65%, which is higher than the forecast US Internet Content & Information industry average of 23.19%.

What is APLD's Price Target?

According to 5 Wall Street analysts that have issued a 1 year APLD price target, the average APLD price target is $8.60, with the highest APLD stock price forecast at $10.00 and the lowest APLD stock price forecast at $5.50.

On average, Wall Street analysts predict that Applied Blockchain's share price could reach $8.60 by May 23, 2023. The average Applied Blockchain stock price prediction forecasts a potential upside of 350.26% from the current APLD share price of $1.91.

What is APLD's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: APLD) Applied Blockchain's current Earnings Per Share (EPS) is -$0.17. On average, analysts forecast that APLD's EPS will be $0.04 for 2023, with the lowest EPS forecast at $0.00, and the highest EPS forecast at $0.08. In 2024, APLD's EPS is forecast to hit $0.97 (min: $0.97, max: $0.97).

What is APLD's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: APLD) forecast ROE is 133.82%, which is considered strong.
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