Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-21
APP [bullish]
AppLovin Corporation
+91.46%
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
$105.6B
Pitch Price
$161.27
Price Target
210.00 (-32%)
Dividend
N/A
EV/EBITDA
19.51
P/E
24.25
EV/Sales
15.53
Sector
Media
Category
growth
Show full summary:
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.
Read full article (1 min)