Bank of America Securities analyst Omar Dessouky has reiterated their bullish stance on APP stock, giving a Buy rating on July 23.
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Omar Dessouky’s rating is based on the potential for significant growth in AppLovin’s financial performance, particularly in its EBITDA expectations for the year 2026. He anticipates that the company’s upcoming quarterly report could lead to upward revisions in these expectations, as many investors have not yet factored in the potential growth from the company’s managed service onboarding and the launch of its self-serve platform.
Furthermore, Dessouky highlights the potential for AppLovin’s advertising revenue to exceed guidance due to increased engagement and ad load in mobile gaming. He also notes the company’s strategic divestiture of its first-party games segment, which is expected to contribute positively to advertising net revenue. The valuation remains attractive, with a price objective set at $580, reflecting a reasonable multiple given the anticipated growth trajectory.
In another report released on July 23, BTIG also maintained a Buy rating on the stock with a $483.00 price target.
APP’s price has also changed slightly for the past six months – from $362.520 to $362.120, which is a -0.11% drop .