Key Highlights:
- Digital Turbine (APPS, Financial) outpaces its sector with an impressive year-to-date return of 100.6%.
- The company receives a #1 Zacks Rank (Strong Buy) due to a 76.9% increase in earnings expectations.
- Despite a current price of $2.79, analyst forecasts and GuruFocus estimates suggest significant growth potential.
A Performance Standout: Digital Turbine's Year-to-Date Success
Digital Turbine (NASDAQ: APPS) has made significant strides in 2023, boasting a commendable year-to-date return of 100.6%. This marks a stark contrast against the broader Computer and Technology sector, which has seen a decline of 10%. Elevating its market standing, analysts have adjusted their earnings expectations for APPS upward by 76.9% over the past quarter, solidifying its #1 Zacks Rank (Strong Buy).
Wall Street Analysts' Forecast: Price Targets and Recommendations
According to the insights from two industry analysts, the average one-year price target for Digital Turbine Inc (APPS, Financial) stands at $2.75. Price targets vary, with a high estimate of $4.00 and a low of $1.50, suggesting a potential downside of 1.43% from the present share price of $2.79. Investors looking for a deeper dive into these estimates can access more information on the Digital Turbine Inc (APPS) Forecast page.
Brokerage Recommendations: Navigating APPS' Hold Status
At present, Digital Turbine holds an average brokerage recommendation of 3.0, indicative of a "Hold" status. This rating, aggregated from two brokerage firms, employs a scale from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell.
GF Value and Upside Potential: A Look Ahead
GuruFocus' proprietary metrics provide a compelling view of Digital Turbine's future, with a one-year estimated GF Value of $7.03. This suggests a potential upside of 151.97% from the current trading price of $2.79. The GF Value is derived from historical trading multiples, past growth performance, and future business estimates, offering a comprehensive look at the fair market value of the stock. For more detailed analytics, investors can visit the Digital Turbine Inc (APPS, Financial) Summary page.
