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:
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美东时间11月8日，多家华尔街大行更新了$Applovin (APP.US)$的评级，目标价介于66美元至280美元。
摩根士丹利分析师Matthew Cost维持持有评级，并将目标价从80美元上调至200美元。
富国集团分析师Alec Brondolo维持买入评级，并将目标价从200美元上调至250美元。
麦格理集团分析师Tim Nollen维持买入评级。
富瑞集团分析师James Heaney CFA维持买入评级，并将目标价从175美元上调至270美元。
Loop Capital分析师Rob Sanderson维持买入评级，维持目标价181美元。
此外，综合报道，$Applovin (APP.US)$近期主要分析师观点如下：
AppLovin的第四季表现超出预期，公司对接下来季度的指导也看起来很有前景，超出了分析师的预测。电子商务试点的表现明显优于管理层的预期。
公司交出了强劲的第三季度业绩，管理层提供了超出预期的第四季度指导。分析师对这些成果产生了积极印象，公司对自身市场地位的自信立场表明其股价有进一步上涨的潜力。
在AppLovin强劲的季度报告之后，公司超出预期并提高了未来指导，对2024年和2025年调整了调整后的EBITDA预测。注意到转向直接企业价值与EBITDA估值方法的转变，强调了软件平台日益重要的意义。
公司指出第三季度的业绩再次表明，关于AXON 2.0性能增强的时间安排、利润率扩张的速度以及经营杠杆持续性的预期设置得太低了。公司进一步观察到，即使在没有电子商务的贡献下，AppLovin的业务和财务模式也值得获得更高的估值倍数。
公司的第三季度业绩和电话会议的见解支持了arvr游戏正在逐渐成为赢者通吃的板块的观点。此外，预计电子商务将在明年成为业务的重要部分。
以下为今日11位分析师对$Applovin (APP.US)$的最新投资评级及目标价：
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