Generally, Wall Street stock price predictions are hardly the best source of investing ideas that have the most upside. Investors should interpret stocks that analysts claim have the most upside carefully.
Often, either the analyst is too optimistic about the company’s fair value or the stock market is wrong. Investors may pick stocks with the most promising price predictions by reviewing their stock scores.
As difficult as it is to make stock price predictions based on the numbers alone, sometimes those numbers indicate a definite price discrepancy. In what follows, we’ll take a look at stock price predictions for companies that seem preternaturally correct.
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AppLovin (NASDAQ:APP) acquired MoPub. In the last quarter, it completed migrating it into its MAX platform. This unifies the two wireless mediation solutions in the mobile app market.
AppLovin needed a quick integration of MoPub, otherwise the publishers would have risked losing their advertising revenue. As a large marketplace in app advertising, publishers will realize the strategic long-term value.
AppLovin thrives when the game studio business is healthy. The combination of the Max and MoPub marketplace will increase AppLovin’s scale. In the connected television space, the company will focus on expanding its software. It intends to add its machine learning software in more places. The growth in its addressable market will lead to higher revenue potential.
In the last quarter, AppLovin reported revenue growing by 3.6% year over year to $625.4 million. For the full year of 2022, it expects revenue in the range of $3.14 to $3.44 billion. Its software platform revenue will be in the range of $1.14 billion to $1.29 billion.