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Shares of Playtika Holding Corp. surged over 21% after Bank of America upgraded its rating from underperform to buy, setting a price target of $6.50, indicating a 23% upside from the last closing price of $5.28. Analysts noted Playtika's strong profitability, its leading position in the mobile gaming industry, and its ownership of established game franchises as key strengths. Despite challenges in user acquisition and casual gaming monetization, the company's robust free cash flow and potential for exceeding 2025 earnings forecasts present an attractive investment opportunity.
AppLovin's stock plummeted 20% following a report from a short seller. Despite this decline, Wells Fargo has reaffirmed its confidence in the company, maintaining an Overweight rating and setting a price target of $538 per share.
UBS analyst Chris Kuntarich has raised AppLovin Corp's price target to $630 from $440, maintaining a Buy rating, following strong gaming sector performance and impressive e-commerce growth. The company reported a 43.44% revenue increase and $2.32 billion EBITDA over the last year, with a projected fiscal year 2026 EBITDA of $5.75 billion. Other analysts have also increased their price targets, reflecting confidence in AppLovin's robust advertising revenue and strategic moves, including the sale of its apps business.
UBS analyst Chris Kuntarich has raised AppLovin Corp's price target to $630 from $440, maintaining a Buy rating, following strong gaming sector performance and impressive e-commerce growth. The company reported a 43.44% revenue increase and $2.32 billion EBITDA over the last year, with a projected fiscal year 2026 EBITDA of $5.75 billion. Other analysts have also increased their price targets, reflecting confidence in AppLovin's robust advertising revenue and strategic moves, including the sale of its apps business.
UBS analyst Chris Kuntarich has raised the price target for AppLovin shares from $440 to $630, maintaining a Buy rating, following strong growth in gaming and e-commerce. The company reported a 43.44% revenue increase and $2.32 billion in EBITDA over the past year, with a projected FY2026 EBITDA of $5.75 billion. Other analysts have also increased their price targets, reflecting confidence in AppLovin's performance and strategic moves, including the sale of its app business.
Insiders hold 14.69% of AppLovin's stock, while institutional investors own 41.85%. Recent activity includes significant purchases by Townsquare Capital LLC and Eagle Asset Management, with UBS raising the price target to $630.00, indicating a potential upside. The stock has a "Moderate Buy" rating, with analysts forecasting earnings of 4.09 per share for the year.
UBS has raised its price target for AppLovin to $630, up from a previous target of $440. This adjustment reflects a positive outlook on the company's performance and market position.
AppLovin insiders sold 888,867 shares valued at $284.77 million in the last ninety days, with company ownership at 14.69%. Institutional investors hold 41.85% of the stock, and analysts have raised price targets, with UBS Group setting it at $440.00. The company reported a 38.6% revenue increase year-over-year, achieving $1.20 billion in the last quarter.
AppLovin's CTO sold shares at an average price of $319.37, totaling approximately $189.57 million, reducing their ownership by 13.15%. Insiders have sold 888,867 shares worth $284.77 million in the last 90 days, while institutional investors hold 41.85% of the stock. UBS Group raised its price target for AppLovin to $440, indicating a potential upside of 23.39%.
In a remarkable two-year span, the S&P 500 surged 53.19%, driven by the dominance of major tech firms, particularly Nvidia, Apple, and Microsoft, which collectively contributed 53% of the index's total return. While large-cap growth funds thrived, traditional diversifiers like bonds and international stocks lagged significantly, highlighting a stark divide in market performance. Amidst ongoing economic uncertainties, investors are encouraged to capitalize on the gains of 2023 and 2024.
AppLovin Corp.
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