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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美東時間11月8日，多家華爾街大行更新了$Applovin (APP.US)$的評級，目標價介於66美元至280美元。
摩根士丹利分析師Matthew Cost維持持有評級，並將目標價從80美元上調至200美元。
富國集團分析師Alec Brondolo維持買入評級，並將目標價從200美元上調至250美元。
麥格理集團分析師Tim Nollen維持買入評級。
富瑞集團分析師James Heaney CFA維持買入評級，並將目標價從175美元上調至270美元。
Loop Capital分析師Rob Sanderson維持買入評級，維持目標價181美元。
此外，綜合報道，$Applovin (APP.US)$近期主要分析師觀點如下：
AppLovin在第四季度的表現超出了預期，並且公司對隨後季度的指引也看起來很有前景，超過了分析師的預測。電子商務試點項目的表現明顯優於管理層的預期。
公司交出了強勁的第三季度業績，管理層提供的第四季度指引超出了預期。分析師對這些結果以及公司對自身市場定位的自信印象積極，表明其股票價值有進一步增值的潛力。
在AppLovin強勁的季度報告之後，公司超出預期並提高未來指引，對2024年和2025年調整了調整後的EBITDA預測。注意到轉向直接企業價值到EBITDA估值方法，強調軟件平台日益增重的重要性。
公司注意到第三季度的結果再次表明，關於AXON 2.0性能增強的時間、利潤率擴張速度和經營槓桿可持續性時間設定得太低。公司進一步觀察到，即使沒有來自電子商務的貢獻，AppLovin的業務和財務模型也值得更大的估值倍數。
公司第三季度的業績和電話會議的見解支持了遊戲行業越來越成爲贏家通吃板塊的觀點。另外，預計電子商務將在明年開始成爲業務的重要組成部分。
以下爲今日11位分析師對$Applovin (APP.US)$的最新投資評級及目標價：
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