AppLovin Corporation with ticker code (APP) now have 17 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $93.00 and $38.00 and has a mean target at $76.09. Now with the previous closing price of $74.00 this would indicate that there is a potential upside of 2.8%. It’s also worth noting that there is a 50 day moving average of $69.91 while the 200 day moving average is $48.05. The company has a market capitalization of 27.86B. The stock price is currently at: $84.69 USD
The potential market cap would be $28,651,172,417 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 51.02, revenue per share of $10.58 and a 10.37% 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.
