AppLovin in focus as Citi ups estimates on mobile gaming software strength [Seeking Alpha]
Applovin Corporation - Class A (APP)
Company Research
Source: Seeking Alpha
Shares rose 2% in early trading. "We see multiple paths for AppLovin to achieve its targeted software revenue growth of 20% to 30% including incremental share gains of mobile gaming ad spend, higher take rates, and a likely expansion into ecommerce ad budgets," analyst. Jason Bazinet wrote in an investor note. Bazinet cited comments AppLovin made on its most recent earnings call as it pointed to overall industry growth, increased efficacy of its machine learning model and internal developer-driven enhancements. There's also the prospects for AppLovin to increase its total addressable market, as it moves into e-commerce advertising. "If APP maintains its current share of mobile ad spend, we estimate APP would need to capture ~1% of the ecommerce opportunity annually to hit the midpoint of the firm's software revenue growth target," Bazinet added. Bazinet maintained his Buy rating on AppLovin and upped his price target to $155 from $110. Recommended For You Recommended Fo
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High impacting Applovin Corporation - Class A news events
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APP
News
- Why AppLovin Stock Soared 45% This Week [Yahoo! Finance]Yahoo! Finance
- Returns On Capital Are A Standout For AppLovin (NASDAQ:APP) [Yahoo! Finance]Yahoo! Finance
- AppLovin Stock Price Levels to Watch After Post-Earnings 46% Surge [Yahoo! Finance]Yahoo! Finance
- AppLovin, top tech stock of the year, soars another 46% on earnings beat [MSNBC.com]MSNBC.com
- AppLovin Co. (NASDAQ: APP) had its price target raised by analysts at Oppenheimer Holdings Inc. from $180.00 to $260.00. They now have an "outperform" rating on the stock.MarketBeat
APP
Earnings
- 11/6/24 - Beat
APP
Sec Filings
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- APP's page on the SEC website