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Added to YB: 2024-10-21

Pitch date: 2024-10-21

APP [bullish]

AppLovin Corporation

+155.47%

current return

Author Info

Company Info

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally.

Market Cap

$132.1B

Pitch Price

$161.27

Price Target

175.00 (-58%)

Dividend

N/A

EV/EBITDA

30.49

P/E

38.90

EV/Sales

24.30

Sector

Software

Category

growth

Show full summary:
JEF Raises AppLovin's (APP) Price Target to $175

APP: JEF raises PT to $175 on sustained 20-30% Software Platform rev growth. FY25/26 estimates up 3-6%. Bull case $246 PT assumes low 20s% 5YR rev CAGR, 20x EBITDA multiple. E-commerce ad budgets fuel upside. New PT implies 18.5x FY26 EBITDA, 12% peer discount.

Read full article (1 min)