Professional
Added to YB: 2025-03-14
Pitch date: 2025-03-12
APP [bullish]
AppLovin Corporation
+78.06%
current return
Author Info
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Company Info
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally.
Market Cap
$157.6B
Pitch Price
$272.88
Price Target
580.00 (+19%)
Dividend
N/A
EV/EBITDA
32.68
P/E
40.77
EV/Sales
25.70
Sector
Software
Category
growth
Show full summary:
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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