What to Expect From AppLovin Corporation’s Q4 Results?
<p>Analysts at Credit Suisse provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/APP'>AppLovin Corporation (NASDAQ:APP) </a>ahead of the company’s Q4 results, which will be reported tomorrow.</p>
<p>The analysts increased their price target on the company’s shares to $128 from $115 as they incorporate the MoPub transaction and recalibrate their model. Their new 2021/2022 Adjusted EBITDA estimates are $705 million/$1080 million.</p>
<p>According to the analysts, the main focus heading into Q4 will be the MoPub transition as other platforms will look to poach publishers. The analysts reiterated their Outperform rating due to (1) operations in the fastest-growing segment in videogames, (2) software to offer more diversified exposure to mobile games secular growth theme, and (3) optionality to expand the total addressable market to non-gaming apps.</p>

NASDAQ:APP