Loop Capital analyst Rob Sanderson maintains $Applovin (APP.US)$ with a buy rating, and maintains the target price at $385.
According to TipRanks data, the analyst has a success rate of 60.9% and a total average return of 14.7% 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's heightened price target for AppLovin reflects several positive developments subsequent to the company's Q3 earnings report. These include an increase in investor participation, the stock's inclusion in the Nasdaq 100 index, the announcement of a transition to an all-unsecured debt capital structure, and an upgrade to investment grade status by S&P.
Positive assessments of AppLovin's trial with its e-commerce product, including one featuring the Snow Agency, support increased projections for its ad revenue from FY24 to FY28. Although it's still in the preliminary stages, evaluations indicate that AppLovin's e-commerce solution is delivering returns on ad spend comparable to those seen with Meta, at a significant scale. There are expectations that AppLovin might surpass Alphabet in budget allocations by 2025, as per discussions with the Snow Agency.
Following a series of expert discussions regarding AppLovin's e-commerce pilot, early impressions and metrics appear favorable from both agency and direct-to-consumer brand perspectives, with returns on ad spend comparable to industry benchmarks. The recent stock performance, coupled with accelerating momentum in e-commerce, is expected to positively impact both the stock and underlying business momentum through 2025. AppLovin is perceived as a leading choice within its sector.
Note:
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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.
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