Added to YB: 2025-03-12
Pitch date: 2025-03-10
APP [neutral]
AppLovin Corporation
+179.68%
current return
Author Info
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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
$220.7B
Pitch Price
$239.80
Price Target
238.00 (-65%)
Dividend
N/A
EV/EBITDA
56.55
P/E
79.29
EV/Sales
35.28
Sector
Software
Category
growth
AppLovin ($APP) Investment Thesis: Expensive, but Unstoppable?
APP (expensive): AI-driven adtech leader, post-Apps divestiture. High-margin software biz (75% GM, 33% NM). AXON engine & MAX platform drive user acquisition & monetization. Risks: privacy changes, platform dependence. DCF fair value $238 (-12% downside), but high optionality. Strong growth (15% CAGR), 72% EBIT margin by 2026E.
Read full article (14 min)