7 Stock Price Predictions That Are Actually Worth Listening To

Digital Turbine (APPS)

Source: weedezign via Shutterstock

Digital Turbine (NASDAQ:APPS) is an advertising technology firm. In the fourth quarter, it earned 35 cents a share in the fiscal 2022 year after revenue increased by 138% year over year to $747.6 million.

The company is relying on SingleTap licensing to accelerate its growth. Investors need to wait for Digital Turbine to add more partners. It already has large tier 1 players who support it. Once partners like Samsung, Cricket, and Tracfone complete the trial phase, Digital Turbine will start generating some revenue.

The macroeconomic environment continues to weaken rapidly. High levels of inflation, rising interest rates, and weakening consumer confidence might hurt the ad market. APPS stock peaked at $93.98 in the last year. It traded as low as $14.43 to reflect the anticipated slowdown.

Analysts have a $48.00 average price target on this stock. According to Tipranks, Roth Capital is the most recent analyst recommending APPS stock. Analyst Darran Aftahi assigned a $36 price target and a “buy” rating.

Leave a Reply

Your email address will not be published. Required fields are marked *