Across the recent three months, 9 analysts have shared their insights on AppLovin APP, expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Analysts have recently evaluated AppLovin and provided 12-month price targets. The average target is $76.56, accompanied by a high estimate of $87.00 and a low estimate of $55.00. Witnessing a positive shift, the current average has risen by 26.15% from the previous average price target of $60.69.
Diving into Analyst Ratings: An In-Depth Exploration
The perception of AppLovin by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Pang | Stifel | Raises | Buy | $85.00 | $65.00 |
| Matthew Cost | Morgan Stanley | Raises | Equal-Weight | $70.00 | $55.00 |
| Jonathan Kees | Daiwa Capital | Announces | Neutral | $80.00 | - |
| Nick McKay | Wedbush | Raises | Outperform | $87.00 | $67.00 |
| Clark Lampen | BTIG | Raises | Buy | $87.00 | $65.00 |
| Martin Yang | Oppenheimer | Raises | Outperform | $85.00 | $70.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $73.00 | $59.00 |
| John Hodulik | UBS | Raises | Neutral | $55.00 | $46.00 |
| Nick McKay | Wedbush | Raises | Outperform | $67.00 | $58.50 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to AppLovin. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of AppLovin compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for AppLovin's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into AppLovin's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on AppLovin analyst ratings.
Unveiling the Story Behind AppLovin
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
Financial Insights: AppLovin
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: AppLovin displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 35.73%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 17.98%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 14.58%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): AppLovin's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.31% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.53, caution is advised due to increased financial risk.
Analyst Ratings: Simplified
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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