Navigating 10 Analyst Ratings For AppLovin
Portfolio Pulse from Benzinga Insights
AppLovin (NASDAQ:APP) received 10 analyst ratings in the past quarter, with an average 12-month price target of $48.92, up 16.48% from the previous $42.00. The ratings include 6 bullish, 1 somewhat bullish, 2 indifferent, and 1 bearish. Notable analysts from firms like HSBC, UBS, Goldman Sachs, Stifel, Benchmark, Wedbush, Morgan Stanley, and BTIG have adjusted their price targets and ratings, reflecting a generally positive outlook on the company's performance, including its revenue growth of 21.2% as of September 30, 2023, and a net margin of 12.48%. However, concerns are raised due to its high debt-to-equity ratio of 2.91.
December 18, 2023 | 4:00 pm
News sentiment analysis
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POSITIVE IMPACT
AppLovin's positive analyst ratings and increased price target suggest a bullish sentiment among analysts, which could lead to a short-term positive impact on the stock price. The company's strong revenue growth and net margin are likely to be viewed favorably by investors, although the high debt-to-equity ratio may temper some enthusiasm.
The majority of analysts have given bullish to somewhat bullish ratings, indicating a positive market sentiment that could drive investor confidence and push the stock price up in the short term. The significant increase in the average price target also reflects an optimistic outlook on the company's financial performance. However, the high debt-to-equity ratio is a risk factor that investors will need to consider, which could limit the upside potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100