# AppLovin Corporation – Consensus ‘buy’ rating and 16.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/applovin-corporation-consensus-buy-rating-and-16.4-upside-potential/4121130850
- Published: 2023-10-26T13:58:26+01:00
- Author: Charlotte Edwards

**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.

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