Fintel reports that on January 10, 2025, Benchmark initiated coverage of AppLovin (NasdaqGS:APP) with a Buy recommendation.
Analyst Price Forecast Suggests 4.11% Upside
As of December 23, 2024, the average one-year price target for AppLovin is $331.32/share. The forecasts range from a low of $80.80 to a high of $504.00. The average price target represents an increase of 4.11% from its latest reported closing price of $318.23 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AppLovin is 3,276MM, a decrease of 23.63%. The projected annual non-GAAP EPS is 1.37.
What is the Fund Sentiment?
There are 1,318 funds or institutions reporting positions in AppLovin. This is an increase of 166 owner(s) or 14.41% in the last quarter. Average portfolio weight of all funds dedicated to APP is 0.68%, an increase of 20.56%. Total shares owned by institutions increased in the last three months by 6.70% to 211,976K shares. 
The put/call ratio of APP is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
Wcm Investment Management holds 10,820K shares representing 3.62% ownership of the company. In its prior filing, the firm reported owning 9,791K shares , representing an increase of 9.51%. The firm increased its portfolio allocation in APP by 62.84% over the last quarter.
GQG Partners holds 9,604K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 13,289K shares , representing a decrease of 38.36%. The firm increased its portfolio allocation in APP by 17.20% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,060K shares representing 2.36% ownership of the company. In its prior filing, the firm reported owning 6,053K shares , representing an increase of 14.27%. The firm increased its portfolio allocation in APP by 71.86% over the last quarter.
Price T Rowe Associates holds 5,222K shares representing 1.75% ownership of the company. In its prior filing, the firm reported owning 1,261K shares , representing an increase of 75.85%. The firm increased its portfolio allocation in APP by 525.07% over the last quarter.
Bank Of America holds 4,620K shares representing 1.55% ownership of the company. In its prior filing, the firm reported owning 4,040K shares , representing an increase of 12.54%. The firm decreased its portfolio allocation in APP by 57.67% over the last quarter.
Applovin Background Information
(This description is provided by the company.)
AppLovin’s global technology platform provides developers a powerful, integrated set of solutions to grow their businesses. AppLovin enables developers to market, monetize, analyze and publish their apps. Its studios create popular, immersive content and its technology brings that content to users around the world. AppLovin is headquartered in Palo Alto, California with several offices globally.
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This story originally appeared on Fintel.
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