Applovin Corporation (APP)

[rosemountbomber]

From poster Tripppple Double on ST:

"$APP UBS analyst John Hodulik reiterated Buy rating and $540.00 price target on Applovin. This reiteration arriving today on August 7th.

Commenting; "We're increasing our FY26 EBITDA est to $6.18B (St $5.65B) to reflect 1) 2Q/3Q flow through of better-than-expected gaming-related trends, and 2) our conviction that a staggered rollout of the self serve web-based ad platform de-risks med-term web-based Ad Rev growth. By starting the self-serve roll-out in October with advertisers referred by existing advertisers and moving to GA in 1H26, APP is on the cusp of delivering a multi- quarter revenue ramp that starts in 4Q with lower advertiser churn risk and expanding inventory access to international markets. From here we see scope for GA advertisers to ramp spend faster as they benefit from more iteration on the platform. All-in, we'd take advantage of the AH weakness and reiterate our Buy rating on the basis of attractive risk/reward (2.1x), attractive valuation (37x FY26 P/E vs 42% 3-YR EPS CAGR) and improving catalyst path visibility."

"$APP JPMorgan analyst David Karnovsky raised the price target on Applovin to $425.00 (from $400.00)—maintains Neutral rating.

This updated PT arriving today on August 7."

"$APP Loop Capital analyst, Rob Sanderson reiterates Buy rating at $650.00 PT for Applovin.

Citing; "AppLovin reported another beat-and-raise result, though somewhat more muted than the magnitude of some recent upside quarters. Revenue grew by 77% YoY, a +600bps acceleration and 300bps above consensus and adj. EBITDA growth of 95% YoY, nearly 400bps of acceleration also 300bps above consensus. The majority of 9% QoQ revenue growth was driven again by gaming customers as the company methodically refines its offering for web-based (ecommerce) advertisers. Guidance for 3Q revenue growth of 60% to 61% YoY was about 2% ahead of consensus at midpoint and implies 5% to 6% QoQ growth. We think this is conservative, factoring only modest revenue contribution from the divested apps business (ad spend on AppLovin was netted out while consolidated) and the baseline for pace of organic ML improvement implying no contribution from team-directed enhancements or incremental QoQ contribution from non-gaming. Adj. EBITDA margin is expected to increase about 60bps at midpoint."