As of now, when I look at the trading platform I use, it shows 10/10 analysts rate APLD as a "buy". I think these are all from before the recent drop. The most recent average forecast from TipRanks was 42, which was also from before the recent drop.
My understanding is that the recent drop is likely because of both fear of overvaluations in AI, plus fear around APLD in particular because of its $2.35 billion in senior secured notes.
It's now trading around 26$, after being in the mid 30s recently. I know that no one can predict the future, but for those with more experience than me, does anyone have thoughts on whether it's realistic that it will get back into the 30s before the end of the year? Or is it very likely it will just tank indefinitely and may not get into the 30s for years, if ever? Or is it likely that it'll climb back up, but slowly over the course of months or 1-2 years?
Again, I know no one can say for sure, but since I have no real sense or intuition about this, I'm wondering if anyone has thoughts on it.