APP - AppLovin: Remains A 'Strong Buy' After Post-Earnings Surge (SA Quant)
2024-05-10 07:00:00 ET
Summary
- AppLovin surged after reporting its fourth straight earnings beat, and the large-cap growth stock is up more than 300% in the past year.
- According to consensus estimates, the Company's EPS is projected to grow +192% in Q224 and +175 in FY24.
- AppLovin’s profitability crushes the sector, highlighted by EBITDA margin TTM of 34% and Levered FCF margin of 30%.
- Based on soaring momentum, solid growth in profits and cash flow, and high consensus earnings targets, SA’s Quant Team reiterates its Strong Buy rating on APP.
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AppLovin: Remains A 'Strong Buy' After Post-Earnings Surge (SA Quant)