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- AppLovin (APP): Strong Buy Due to Accelerated Revenue Growth and Improved EBITDA Margins
AppLovin (APP): Strong Buy Due to Accelerated Revenue Growth and Improved EBITDA Margins
Ticker: APP | Price: $60 | Target: $70 | Source: Seeking Alpha 📱 Technology / Adtech | 🚀 Growth Surge | 📈 Bullish idea
Kristoffer Lindström
February 19, 2024
STOCK IDEA - AppLovin
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AppLovin (APP): Strong Buy Due to Accelerated Revenue Growth and Improved EBITDA Margins
AppLovin (APP) is a compelling buy with its accelerated revenue growth and improved EBITDA margins, driven by the AXON 2 AI engine and a shift to real-time bidding, offering a strong growth trajectory and robust cash flow. The company's Q4 performance exceeded expectations, and it's well-positioned for a positive 2024. Valued at 10.2x 2024 EBITDA, with a fair value estimate of $70, it shows great promise compared to peers. However, potential risks include increased competition and reliance on the AXON 2 engine's success.
Ticker: APP | Price: $60 | Target: $70 | Source: Seeking Alpha
📱 Technology / Adtech | 🚀 Growth Surge | 📈 Bullish idea
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