AppLovin Corporation which can be found using ticker (APP) now have 17 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $60.00 and $28.00 and has a mean target at $50.78. Given that the stocks previous close was at $40.65 this would indicate that there is a potential upside of 24.9%. Also worth taking note is the 50 day moving average now sits at $39.02 and the 200 day moving average is $30.65. The market cap for the company is 13.69B. The stock price for the company is currently $40.76 USD
The potential market cap would be $17,098,166,664 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 145.57, revenue per share of $8.41 and a 4.83% 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.
