Analyst Jason Bazinet from Citi maintained a Buy rating on AppLovin (APP – Research Report) and keeping the price target at $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, primarily driven by AppLovin’s impressive financial performance and optimistic future outlook. The company reported first-quarter revenue and adjusted EBITDA figures that significantly surpassed both Citi’s and the broader market’s expectations, indicating strong operational efficiency and market positioning.
Furthermore, AppLovin’s guidance for the second quarter of 2025 suggests continued growth, with anticipated advertising revenue and adjusted EBITDA figures exceeding consensus estimates. This positive trajectory, coupled with the strategic decision to sell its Apps segment, which remains on track despite a reduced purchase price, reinforces the potential for share price appreciation. These elements collectively underpin Bazinet’s favorable outlook on AppLovin’s stock.
According to TipRanks, Bazinet is a 5-star analyst with an average return of 14.0% and a 63.15% success rate. Bazinet covers the Communication Services sector, focusing on stocks such as Roku, Netflix, and AMC Entertainment.