Key Highlights:
- AppLovin Corp (APP, Financial) expected to achieve over 40% annual growth in advertising revenue over three years.
- Analysts' average price target suggests a significant 76.51% upside potential from current levels.
- Current GF Value indicates a considerable potential downside, emphasizing the stock's volatility.
AppLovin Corporation (APP), a prominent player in the mobile technology sector, is poised for aggressive growth. Despite UBS lowering its price target due to cautious e-commerce advertisers, the company is expected to sustain a robust trajectory with over 40% annual growth in advertising revenue over the next three years. This growth is primarily fueled by increased gaming user acquisition and an expansion into e-commerce.
Wall Street Analysts Forecast
According to predictions from 21 Wall Street analysts, the average price target for AppLovin Corp (APP, Financial) stands at $472.85. Analysts have set a high target of $650.00 and a low of $200.00. This average target indicates a substantial upside of 76.51% from its current trading price of $267.88. Investors can access more detailed estimates on the AppLovin Corp (APP) Forecast page.
The consensus from 27 brokerage firms positions AppLovin Corp (APP, Financial) with an average recommendation of 1.9, which translates to an "Outperform" rating. This rating is derived from a scale of 1 to 5, where 1 implies a Strong Buy and 5 signifies a Sell.
However, GuruFocus estimates project a different perspective. The GF Value for AppLovin Corp (APP, Financial) over the next year is estimated at $89.29. This suggests a significant downside of 66.67% from the current market price of $267.88. The GF Value is a measure of the fair price the stock should ideally trade at, calculated based on the stock's historical trading multiples, its business growth trends, and future performance forecasts. More comprehensive information is available on the AppLovin Corp (APP) Summary page.
