Oppenheimer analyst Martin Yang maintains $Applovin (APP.US)$ with a buy rating, and adjusts the target price from $105 to $180.
According to TipRanks data, the analyst has a success rate of 50.7% and a total average return of 5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Applovin (APP.US)$'s main analysts recently are as follows:
The firm is revising its share repurchase expectations in line with AppLovin's current share price and is increasing its target multiple to more closely match the valuations attributed to the company's peers in the digital advertising sector.
The global video game industry's growth remains subdued, yet stable mobile trends are a cause for optimism. It is anticipated that console spending will see an uptick in the coming year, bolstered by an impressive lineup of games and the potential release of a next-generation gaming console. Favorable views are held for certain key players within the sector.
Anticipation is high for another record-breaking quarter for Software Platform revenue as we approach the Q3 report on November 7. Recent upward revisions to estimates suggest Software Platform revenue growth for FY25 that is expected to align closely with the mid-point of the management's projected annual growth range of 20% to 30%.
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.
