On Nov 08, major Wall Street analysts update their ratings for $Applovin (APP.US)$, with price targets ranging from $66 to $280.
Morgan Stanley analyst Matthew Cost maintains with a hold rating, and adjusts the target price from $80 to $200.
Wells Fargo analyst Alec Brondolo maintains with a buy rating, and adjusts the target price from $200 to $250.
Macquarie analyst Tim Nollen maintains with a buy rating.
Jefferies analyst James Heaney CFA maintains with a buy rating, and adjusts the target price from $175 to $270.
Loop Capital analyst Rob Sanderson maintains with a buy rating, and maintains the target price at $181.
Furthermore, according to the comprehensive report, the opinions of $Applovin (APP.US)$'s main analysts recently are as follows:
AppLovin's Q4 performance surpassed expectations, and the company's guidance for the subsequent quarter also looks promising, exceeding analyst predictions. The performance of the e-commerce pilot was notably better than what management anticipated.
The company delivered strong Q3 results, and its management provided Q4 guidance that surpassed expectations. Analysts received a positive impression of these outcomes and the company's confident stance on its market position, indicating potential for further appreciation in its share value.
Following AppLovin's strong quarterly report, where the company exceeded expectations and raised future guidance, an adjustment to the adjusted EBITDA forecasts for 2024 and 2025 was made. The shift to a straightforward enterprise value to EBITDA valuation method was noted, emphasizing the increasing significance of the Software Platform.
The firm notes that Q3 results have once again demonstrated that expectations regarding the timing of AXON 2.0's enhanced performance, the pace of margin expansion, and the duration of operating leverage sustainability were set too low. The firm further observes that, even in the absence of contributions from e-commerce, AppLovin's business and financial models warrant a more substantial valuation multiple.
The company's third-quarter outcomes and insights from the call support the thesis that gaming is increasingly becoming a winner-take-most sector. Additionally, it's projected that Commerce will become a substantial part of the business beginning the following year.
Here are the latest investment ratings and price targets for $Applovin (APP.US)$ from 11 analysts:
Note:
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