Wall Street is currently riding on high expectations that the Fed will implement further cuts in the benchmark lending rate this year. In its September FOMC meeting, the central bank aggressively cut the interest rate by 50 basis-points. This was the first rate cut since March 2020. The current Fed fund rate is in the range of 4.75-5%. The previous range of 5.25-5.5% was the highest in 23 years. The Fed aggressively raised the interest rate from March 2022 to July 2023 and kept it higher for longer time in ...

AppLovin（APP.US）：AI 驱动业务增长，非游领域拓宽市场空间 第三方广告技术平台蓬勃发展 [11][12][13][14] - 移动应用市场竞争激烈,开发者在获客及商业化变现上面临挑战 - 移动广告行业已发展为规模庞大的市场,2024年全球IAA市场规模预计达到3,527亿美元,占所有数字广告收入的40%以上 - 反垄断及隐私保护政策趋严,为新型广告平台构建了良好的竞争环境 - 海外中长尾流量为第三方广告技术平台带来市场机会,美国移动广告市场呈现三寡头格局,中长尾流量同样重要 产业链布局完善，AI助力业务腾飞 [20][21][22][23][26] - AppLovin业务包括软件平台和应用程序,软件平台是公司核心,提供端到端软件和AI解决方案 - AXON是公司的AI广告引擎,为AppDiscovery提供支持,能够随着规模的扩大不断自我改进,构建了公司的核心竞争力 - AppDiscovery是公司的营销软件解决方案,覆盖全球14亿日活用户,在移动游戏广告市场占据领先地位 - MAX是公司的货币化解决方案,是移动游戏领域最大的聚合平台,占据约2/3的市场份额 - Adjust是公司的监测和数据分析平台,在归因平台占据重要份额 拓展非游领域，探索CTV机会 [34][35][37] - 公司计划将广告业务拓展至电子商务、社交、CTV等垂直领域,电商是公司当前重点突破领域 - 公司电商广告测试取得良好表现,计划将逐步加大投入并扩大规模,有望在2025年产生实质性影响 - 公司收购Wurl增加了在CTV渠道的供应,帮助公司将广告业务扩展至CTV市场,CTV广告市场正在快速增长 低边际成本，规模效应实现高经营杠杆 [40][41][42][43] - 公司软件平台收入主要以净额法记账,成本主要是数据中心等基础设施,研发成本相对固定 - 公司广告业务均为效果导向型,不太需要依赖销售驱动,因此拥有很高的利润率 - 随着规模效应以及AI广告引擎性能提升,公司软件平台业务未来几年有望实现20%以上增速 估值分析与预测 首予"买入"评级，目标价148美元 [48][49] - 考虑到公司收入及利润处于快速增长阶段,参考可比公司估值,给予公司软件平台/应用程序FY25E 20x/5x EV/EBITDA,得到目标价148美元 投资风险 [51] - 移动游戏行业增长放缓 - 广告行业隐私政策变化 - 行业竞争加剧 - 技术领先优势减弱 - 业务拓展不及预期

AppLovin Corporation (APP) and Fair Isaac Corporation’s (FICO) surges of 166.9% and 67%, respectively, over the same period.As of the last trading session, the stock closed at $127.8, near its 52-week high of $133.1. APP is trading above its 50-day moving average, indicating a bullish sentiment among investors.APP Trades Above 50-Day Average Image Source: Zacks Investment Research However, the key concern for investors now is whether the stock’s growth trajectory justifies a “buy” at its current price or if ...

文章核心观点 - AppLovin是一家增长迅速且盈利的公司,可能存在一定风险,但未来几年仍有持续增长的潜力[1] 公司概况 - AppLovin是一家移动应用营销和分析公司,提供广告和分析服务[1] - 公司股价在2024年9月23日当天的下午价格[1] 公司业绩 - 公司近年来保持了可观的利润增长[1]

文章核心观点 - 作者是一名拥有10年投资银行从业经验的资深研究分析师,专注于行业和公司研究 [1] - 作者擅长解读各种新闻、事件、财报等,发现潜在的投资机会和风险 [1] 行业总结 - 作者对科技股有浓厚的兴趣,这可能与其工程背景有关 [1] 公司总结 无相关内容

AppLovin (NASDAQ: APP ) is in a position of strength no matter the economic climate given the platform’s data-driven & results-driven, AI-native features. As marketing spend shifts from linear television to more engaging platforms, such as mobile applications, CTV, and other open internet sites, I believe thatMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services wor ...

An astonishing bull run of U.S. stock markets that started from the beginning of 2023 is still maintaining its momentum. In 2023, the Dow, the S&P 500 and the Nasdaq Composite – rallied 13.7%, 23.9% and 43.4%, respectively. Year to date, the Dow, the S&P 500 and the Nasdaq Composite – have advanced 11.5%, 20.2% and 21.6%, respectively.Consequently, several stocks have skyrocketed this year. Here, we have narrowed our search to five stocks that have provided triple-digit returns year to date. These are AppLo ...

SoundHound AI, SentinelOne, and AppLovin have the potential to be huge winners.Nvidia (NVDA -1.59%) has been one of the best-performing stocks over the past five years, creating a lot of millionaires in the process. However, with those strong returns in its rear-view mirror, investors today might be better served to look instead for the next set of potential huge winners.These three smaller tech companies have plenty of potential to soar in the years ahead.1. SoundHound AISoundHound AI (SOUN -0.80%) first s ...

Another pundit following the stock joined the bull stampede.News coming directly from app monetization specialist AppLovin (APP 0.68%) has been fairly light in recent days, yet investors were eager to snap up the stock. Much of this had to do with a recommendation upgrade from a newly minted AppLovin bull. The result was that the company's share price had improved by over 10% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.An undervalued operatorThe anal ...

Key TakeawaysAppLovin shares hit a record high Wednesday as the company makes inroads capitalizing on mobile gaming and lucrative new digital advertising markets. After bottoming out in December 2022, AppLovin shares have made a V-shaped recovery on healthy trading volume, indicating conviction behind the buying. Investors can monitor key retracement levels on AppLovin's chart at $112, $88, and $55.A bars pattern, which takes the trending period following a prior piercing pattern in March 2023 after a four ...