The Analyst Landscape: 15 Takes On AppLovin
Portfolio Pulse from Benzinga Insights
AppLovin (NASDAQ:APP) has been analyzed by 15 analysts in the last three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $92.13, with a high of $105.00 and a low of $70.00. Recent analyst actions include multiple rating raises and increased price targets, reflecting positive sentiment. AppLovin has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, but has a high debt-to-equity ratio.
June 13, 2024 | 6:01 pm
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POSITIVE IMPACT
AppLovin has received positive sentiment from analysts, with multiple rating raises and increased price targets. The average 12-month price target is $92.13, reflecting a 19.54% increase from the previous average. The company has shown strong financial performance but has a high debt-to-equity ratio.
The positive sentiment from multiple analysts, reflected in rating raises and increased price targets, indicates a likely short-term price increase for AppLovin. The company's strong financial performance further supports this outlook, although the high debt-to-equity ratio is a concern.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100