Piper Sandler analyst James Callahan CFA initiates coverage on $Applovin (APP.US)$ with a buy rating, and sets the target price at $400.
According to TipRanks data, the analyst has a success rate of 0.0% and a total average return of 0.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Applovin (APP.US)$'s main analysts recently are as follows:
The revised optimistic outlook for AppLovin has been influenced by several positive developments following their Q3 earnings report. These events include expanded investor participation, the inclusion of the company in the Nasdaq 100 index, a shift to an entirely unsecured debt structure, and an upgrade to investment grade status by a credit rating agency.
Positive assessments of AppLovin's e-commerce product pilot, including collaborations with notable agencies, have led to increased ad revenue forecasts from FY24 to FY28. While it's still in early stages, preliminary findings suggest that AppLovin's e-commerce product is delivering returns on ad spend comparable to major players in the industry at scale. It is also anticipated that it might surpass other major competitors in budget allocations by 2025 according to agency feedback.
Following discussions with two experts involved in the company's e-commerce pilot, positive early impressions and metrics were reported from both the agency and direct-to-consumer brand perspectives, noting returns on ad spend comparable to those seen with major players in the industry. It is perceived that the company's recent stock performance, coupled with accelerating momentum in e-commerce, will foster multiple beneficial flywheels that support continued growth and business momentum through 2025. The company is currently regarded as a top pick in its sector.
Note:
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