Oppenheimer analyst Martin Yang maintains $Applovin (APP.US)$ with a buy rating, and adjusts the target price from $260 to $480.
According to TipRanks data, the analyst has a success rate of 52.1% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Applovin (APP.US)$'s main analysts recently are as follows:
Following the Q3 results announcement on November 6, several bullish events have positively influenced the market's outlook on AppLovin. These include an expansion in investor participation, the inclusion of the stock in the Nasdaq 100 index as of November 18, the announcement of a transition to an all-unsecured debt capital structure on November 19, and an upgrade to investment grade by S&P on November 7.
Following discussions with two experts involved in the company's e-commerce pilot, favorable initial impressions and metrics were noted from both the agency and direct-to-consumer brand perspectives. These included a return on ad spend comparable to major industry players. Recent stock performance, coupled with accelerating momentum in e-commerce, are expected to support several advantageous cycles for the stock and enhance business momentum through 2025. AppLovin is regarded as a leading selection within its coverage.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
