AppLovin Corporation with ticker code (APP) have now 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 $115.00 and $48.00 calculating the average target share price we see $94.34. (at the time of writing). Now with the previous closing price of $69.00 this would indicate that there is a potential upside of 36.7%. The 50 day MA is $80.18 and the 200 day moving average is $60.94. The company has a market cap of 22.46B. Currently the stock stands at: $67.19 USD
The potential market cap would be $30,705,878,667 based on the market consensus.
The company has a dividend yield of 1.57%. Other points of data to note are a P/E ratio of 28.71, 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.
