BTIG analyst Clark Lampen maintains $Applovin (APP.US)$ with a buy rating, and adjusts the target price from $291 to $432.
According to TipRanks data, the analyst has a success rate of 64.1% and a total average return of 37.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Applovin (APP.US)$'s main analysts recently are as follows:
AppLovin's Software Platform business is experiencing benefits from AXON 2.0, which offers a competitive advantage by effectively leveraging data from its top mediation platform to enhance the accuracy of predictive algorithms used by AppDiscovery. Analysts acknowledge increased confidence in AppLovin's venture into the e-commerce advertising sector. Simultaneously, the company's adherence to cost discipline is expected to drive expansion in its adjusted EBITDA margins and bolster free cash flow generation.
The firm's assessments continue to back the growth of the company's new business sector, accompanied by the management's enhanced execution track record. The firm is inclined to recognize larger multi-year contributions from Commerce/Audience+ and aims to value the stock based on forward-looking projections that more accurately encapsulate the value of the business.
Note:
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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.
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