Added to YB: 2024-04-17
Pitch date: 2024-04-16
APP [bullish]
AppLovin Corporation
+821.88%
current return
Author Info
@smantel is an ex-sell side analyst with a focus on fundamental research. Follow him on Twitter.
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
$72.75
Price Target
100.00 (-85%)
Dividend
N/A
EV/EBITDA
56.55
P/E
79.29
EV/Sales
35.28
Sector
Software
Category
growth
2024 Vision: AppLovin's Projection and Beyond
APP: AI/ML offerings drive operating leverage, estimates too low. 70% EBITDA to FCF, $1.5B '24 FCF. DCF $85+/share. Q1 Rev +35%, EPS $0.81. Wurl CTV TAM boost. Cloud upgrade aids growth. META, TTD, AMZN key clients. $100 PT on 25x EPS, 15x EBITDA. Top AI pick.
Read full article (1 min)