Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-21
APP [bullish]
AppLovin Corporation
+155.47%
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
$132.1B
Pitch Price
$161.27
Price Target
210.00 (-49%)
Dividend
N/A
EV/EBITDA
30.49
P/E
38.90
EV/Sales
24.30
Sector
Software
Category
growth
BofA Boosts AppLovin's (APP) Price Target to $210
APP: BofA raises PT to $210 from $120. Axon 2.0 AI engine driving growth & profitability. Software topline growth est. up 600bps/300bps CY25/26. 30% EBITDA CAGR thru CY28. 90% incremental EBITDA. Valuation (18x CY26 EV/EBITDA) below peers TTD/HUBS/SNAP. Forecasts well above consensus.
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