Professional
Added to YB: 2025-03-14
Pitch date: 2025-03-12
APP [bullish]
AppLovin Corporation
+145.78%
current return
Author Info
No bio for this author
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
$272.88
Price Target
580.00 (-14%)
Dividend
N/A
EV/EBITDA
56.55
P/E
79.29
EV/Sales
35.28
Sector
Software
Category
growth
AppLovin (APP): BofA Sets $580 Target, Betting on Secular Growth
APP (buy rating): BofA Buy PT $580. CEO meeting clarifies competitive edge vs Big Tech in in-app bidding. Secular growth story, early inflection. 16x EV/CY26 EBITDA for >50% 2y EBITDA CAGR. Discount to GOOGL, META, software peers. Short reports had little impact. $580 PT at 35x EV/CY26E EBITDA.
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