Citi analyst Jason Bazinet has reiterated their bullish stance on APP stock, giving a Buy rating on July 7.
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Jason Bazinet’s rating is based on a combination of factors that highlight AppLovin’s promising outlook. The company is expected to report second-quarter results that align with the higher end of its revenue and adjusted EBITDA guidance, signaling strong performance. Key areas of focus include the company’s eCommerce advertising initiative and the anticipated launch of self-serve tools, which are projected to enhance customer engagement and spending. Additionally, the recent changes in app store fee structures could positively impact user acquisition costs, benefiting AppLovin’s platform. The sale of its mobile gaming business is also expected to provide a revenue boost in the latter half of 2025. Overall, these strategic moves and market conditions contribute to a positive forecast for AppLovin, justifying the Buy rating.
In another report released on July 7, Scotiabank also initiated coverage with a Buy rating on the stock with a $430.00 price target.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APP in relation to earlier this year.