AppLovin Corporation with ticker code (APP) have now 17 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between 57 and 22 suggesting an average Analsyt target price of $44.76. Given that the stocks previous close was at $38.47 and the analysts are correct then there would likely be a percentage uptick in value of 16.4%. Also worth taking note is the 50 day moving average now sits at $40.10 and the 200 moving average now moves to $24.92. The company has a market capitalization of 12.57B. The stock price is currently at: 36.15 USD
The potential market cap would be $14,628,533,243 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 723, revenue per share of 7.84 and a 3.12% return on assets.
AppLovin Corporation provides application technology platform, AppLovin. The Company’s software solution provides advanced tools for mobile application developers to develop their businesses by automating and optimizing the marketing and monetization of their applications. The key elements of its solutions are delivered through the AppLovin Core Technologies and AppLovin Software Platform. AppLovin Core Technologies consists of its AXON machine-learning recommendation engine, its App Graph, and its elastic cloud infrastructure. AppLovin Software Platform includes a suite of tools for developers to get their mobile applications discovered and downloaded by the right users, optimize return on marketing spend, and maximize monetization of engagement. AppLovin Software Platform is comprised of solutions, including AppDiscovery, Adjust, MAX and Wurl. Its applications consist of a diversified portfolio of over 350 free-to-play mobile games and cover approximately five gaming genres.
