Stifel analyst David Pang maintains $Applovin (APP.US)$ with a buy rating, and adjusts the target price from $250 to $435.
According to TipRanks data, the analyst has a success rate of 56.7% and a total average return of 118.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Applovin (APP.US)$'s main analysts recently are as follows:
The company's Software Platform business is gaining advantages from AXON 2.0, uniquely utilizing data from its leading mediation platform to enhance the accuracy of predictive algorithms used in AppDiscovery. There is increased confidence in the company's foray into e-commerce advertising alongside maintaining cost efficiency, which is expected to collectively boost its adjusted EBITDA margin and improve free cash flow generation.
The firm's assessments continue to support the growth of the company's new business, and with the management's consistent track record of improving execution, there is a leaning towards recognizing greater multi-year contributions from Commerce/Audience+. This perspective values the stock based on projections that more accurately reflect the potential of this business segment.
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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