Highlights:
- Morgan Stanley upgrades AppLovin Corp (APP, Financial) to "Overweight," citing robust AI marketing success.
- Analysts project a significant upside potential with a high price target of $650.00.
- Consensus rating indicates an "Outperform" status for APP.
AppLovin Corporation (APP) has recently caught the attention of investors after Morgan Stanley upgraded its rating to "Overweight." This decision underscores AppLovin's impressive strides in AI-driven marketing solutions. Despite this optimistic appraisal, some investors remain cautious, considering alternative AI stocks that might offer quicker returns.
Wall Street Analysts' Insights
According to projections from 21 analysts, the average one-year price target for AppLovin Corp (APP, Financial) stands at $478.13. Analysts offer a high estimate of $650.00 and a low of $200.00, which indicates a potential upside of 102.54% from the current price of $236.07. For a more in-depth analysis, visit the AppLovin Corp (APP) Forecast page.
The consensus from 27 brokerage firms gives AppLovin Corp (APP, Financial) an average recommendation rating of 1.9, signifying an "Outperform" outlook. This rating is derived from a scale where 1 is Strong Buy and 5 is Sell, showcasing confidence in APP's potential.
Evaluating GF Value Estimates
GuruFocus estimates suggest that the GF Value for AppLovin Corp (APP, Financial) over the next year is $89.39. This estimate suggests a potential downside of 62.13% from the current price of $236.07. The GF Value is determined by considering the stock's historical trading multiples, past business growth, and future performance forecasts. Further detailed insights are available on the AppLovin Corp (APP) Summary page.
