Added to YB: 2024-07-09
Pitch date: 2024-07-09
APP [bullish]
AppLovin Corporation
+689.02%
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
$85.00
Price Target
110.00 (-84%)
Dividend
N/A
EV/EBITDA
56.55
P/E
79.29
EV/Sales
35.28
Sector
Software
Category
growth
AppLovin (APP) Shows Strong Growth and Market Dominance
APP: AI-powered ad tech leader, 17% mkt share. AXON 2.0 drives 91% growth, 73% EBITDA margins. Expanding beyond gaming. $1B OCF in '23 (31% of rev). Outperforming competitors, gaining market share. Street estimates too low. Attractive valuation: 25.3x '24E P/E, 12.6x EV/EBITDA. $1.25B buyback. $110+ price target.
Read full article (2 min)