In a report released yesterday, Jason Bazinet from Citi maintained a Buy rating on AppLovin, with a price target of $600.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jason Bazinet has given his Buy rating due to a combination of factors that highlight AppLovin’s strategic initiatives and potential growth opportunities. One of the key reasons is the company’s plan to expand its advertising platform to non-gaming advertisers, which is expected to launch on October 1, 2025. This expansion is anticipated to drive new customer engagement through a referral system, potentially increasing the platform’s user base and revenue streams.
Additionally, Bazinet points to three potential catalysts that could further enhance AppLovin’s market position: the upcoming eCommerce launch, the possibility of inclusion in the S&P 500 index, and the expected reduction in mobile gaming app store fees in 2026. These developments, coupled with the company’s innovative referral program and rebranding efforts, suggest a promising outlook for AppLovin, justifying the Buy rating with an expected share price return of 33.1%.
In another report released on August 21, Wells Fargo also maintained a Buy rating on the stock with a $491.00 price target.
APP’s price has also changed dramatically for the past six months – from $331.000 to $469.330, which is a 41.79% increase.