The Analyst Landscape: 15 Takes On AppLovin
AppLovin (NASDAQ:APP) has been analyzed by 15 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 5 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 7 | 2 | 2 | 0 | 0 |
| 3M Ago | 1 | 2 | 0 | 0 | 0 |
Analysts have recently evaluated AppLovin and provided 12-month price targets. The average target is $92.13, accompanied by a high estimate of $105.00 and a low estimate of $70.00. This upward trend is apparent, with the current average reflecting a 19.54% increase from the previous average price target of $77.07.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive AppLovin. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Martin Yang | Oppenheimer | Maintains | Outperform | $97.00 | $97.00 |
| Jason Bazinet | Citigroup | Raises | Buy | $98.00 | $80.00 |
| James Heaney | Jefferies | Raises | Buy | $105.00 | $93.00 |
| Martin Yang | Oppenheimer | Raises | Outperform | $97.00 | $85.00 |
| Clark Lampen | BTIG | Raises | Buy | $100.00 | $87.00 |
| David Pang | Stifel | Raises | Buy | $98.00 | $85.00 |
| Nick McKay | Wedbush | Raises | Outperform | $100.00 | $87.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $100.00 | $73.00 |
| James Heaney | Jefferies | Raises | Buy | $93.00 | $70.00 |
| David Pang | Stifel | Raises | Buy | $85.00 | $65.00 |
| Matthew Cost | Morgan Stanley | Raises | Equal-Weight | $70.00 | $55.00 |
| Jonathan Kees | Daiwa Capital | Announces | Neutral | $80.00 | - |
| Nick McKay | Wedbush | Raises | Outperform | $87.00 | $67.00 |
| Clark Lampen | BTIG | Raises | Buy | $87.00 | $65.00 |
| Martin Yang | Oppenheimer | Raises | Outperform | $85.00 | $70.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to AppLovin. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AppLovin compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for AppLovin's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of AppLovin's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on AppLovin analyst ratings.
Discovering AppLovin: A Closer Look
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
Unraveling the Financial Story of AppLovin
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: AppLovin displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 47.9%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: AppLovin's net margin is impressive, surpassing industry averages. With a net margin of 22.18%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): AppLovin's ROE stands out, surpassing industry averages. With an impressive ROE of 23.28%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): AppLovin's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.42%, the company showcases efficient use of assets and strong financial health.
Debt Management: AppLovin's debt-to-equity ratio stands notably higher than the industry average, reaching 4.64. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.