# AppLovin Corporation  Share Price Target ‘$67.16’, now -4.8% Downside Potential

- Link: https://www.directorstalkinterviews.com/applovin-corporation-share-price-target-67.16-now-4.8-downside-potential/4121148535
- Published: 2024-03-22T14:01:22+00:00
- Author: Charlotte Edwards

**AppLovin Corporation** which can be found using ticker (APP) now have 16 analysts
in total covering the stock. The consensus rating is pointing to ‘buy’. The target
price High/Low ranges between $88.00 and $38.00 calculating the average target share
price we see $67.16. (at the time of writing). Given that the stocks previous close
was at $70.52 this would imply there is a potential downside of -4.8%. The 50 day
MA is $52.90 and the 200 day moving average is $40.04. The company has a market 
cap of 23.84B. The stock price is currently at: $71.91 USD

 The potential market cap would be $22,704,494,412 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 73.38, revenue per share of $9.33
and a 7.24% 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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