BofA Securities analyst Omar Dessouky maintains $Applovin (APP.US)$ with a buy rating, and adjusts the target price from $210 to $375.
According to TipRanks data, the analyst has a success rate of 60.5% and a total average return of 31.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Applovin (APP.US)$'s main analysts recently are as follows:
The heightened price target on AppLovin reflects several favorable developments since the Q3 results were announced. These include increased investor engagement, inclusion of the stock in the Nasdaq 100 index, a shift to an all-unsecured debt capital structure, and an upgrade to investment grade status.
Experts recently shared favorable early impressions and metrics, from both the agency and direct-to-consumer brand perspectives, indicating that return on ad spend (ROAS) was comparable to Meta's performance. The recent stock performance and accelerating e-commerce momentum are expected to generate multiple positive effects for the stock and underlying business momentum through 2025. AppLovin is considered a top pick in its sector.
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.
