Digital Turbine (APPS) stock forecast for 2024. Forecast tables and graphs.







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Digital Turbine (APPS) stock forecast for 2024

Updated: May 18, 2024 (13:46)

Sector: Technology

The share price of Digital Turbine, Inc. (APPS) now

What analysts predict: $5.38
52-week High/Low: $14.61 / $1.78

50/200 Day Moving Average: $2.321 / $5.13

This figure corresponds to the Average Price over the previous 50/200 days. For Digital Turbine stocks, the 50-day moving average is the resistance level today.

For Digital Turbine stocks, the 200-day moving average is the resistance level today.

Are you interested in Digital Turbine, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Digital Turbine stock price in 2024. How much will one Digital Turbine share be worth in 2024? Is it worth taking profit / loss on APPS stock now or waiting? What are analysts' forecasts for Digital Turbine stock?

We forecast Digital Turbine stock performance using neural networks based on historical data on APPS stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Digital Turbine, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Digital Turbine analysts is $5.38. Today 200 Day Moving Average is the resistance level (5.13 $). 50 Day Moving Average is the resistance level (2.321 $).




Historical and forecast chart of Digital Turbine, Inc. stock

The chart below shows the historical price of Digital Turbine stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the APPS stock price can be found in the table below.


Forecasting Digital Turbine’s Stock: Navigating Uncertainty in 2024

Investors looking at Digital Turbine (NASDAQ:APPS) face a complex environment when predicting the trajectory of APPS stock prices, particularly for the year 2024. Historically, Digital Turbine has been a company praised for enhancing app discovery and installation on smartphones, specializing in preloading apps and streamlining app monetization.

However, as the company has encountered challenges and observed declining revenue growth rates, accurately forecasting APPS stocks becomes a multifaceted task. While the CEO of Digital Turbine remains optimistic about the company’s resilience and prospective growth avenues, investors remain cautious.

Predictive Challenges and Market Influencers for APPS in 2024

Predicting the exact figures for APPS stock forecast is inherently challenging due to the volatile nature of technology stocks and market sentiments. Nonetheless, several events and factors in 2024 could significantly impact the APPS stock rate.

Key aspects include Digital Turbine’s performance in its fiscal year, which is deemed crucial for a potential turnaround. This could either reignite investor confidence or compound existing reservations regarding its growth prospects. Furthermore, the company’s valuation, which is currently at 6x forward free cash flow, suggests that its market position is not as favorable when compared with peers like AppLovin.

Investor forums such as Deep Value Returns that closely analyze Digital Turbine Inc highlight that market sentiment plays a pivotal role. When the majority leans towards bearish views, the market often has already incorporated such insights into the apps stock price. Hence, determination and a closer examination of the company’s earnings, strategic partnerships, technological innovations, and competitive performance will be fundamental.

In conclusion, while the forecasting of APPS’ stock rates for the year 2024 is not an exact science, a blend of data-driven analysis, market trends, and the company’s strategic outcomes will be key in shaping the future investment landscape for Digital Turbine.

Digital Turbine (APPS) Forecast for 2024

Month Target Pes. Opt. Vol., %
Jun 2.48 2.37 2.67 11.39 %
Jul 2.81 2.67 2.99 10.83 %
Aug 2.88 2.79 3.00 6.91 %
Sep 2.63 2.42 2.77 12.81 %
Oct 2.55 2.38 2.82 15.70 %
Nov 2.54 2.45 2.73 10.20 %
Dec 2.42 2.21 2.62 15.66 %

Digital Turbine information and performance

Digital Turbine Address

111 NUECES STREET, AUSTIN, TX, US

Market Capitalization: 264 234 000 $

Market capitalization of the Digital Turbine, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of APPS shares in the company outstanding by the market price of one share.

EBITDA: 60 237 000 $

EBITDA of Digital Turbine is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 0.693

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -1.97

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.429
Quarterly Revenue Growth YOY: -0.121
Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 4.156

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 0.901

Enterprise Value (EV) /Revenue

EV To EBITDA: 9.33

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 102021000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Digital Turbine price target for 2024 by month


Target values for the price of one Digital Turbine share for Jun 2024.

The weighted average target price per Digital Turbine share in Jun 2024 is: 2.48.
In Jun, the Positive dynamics for Digital Turbine, Inc. shares will prevail with possible monthly volatility of 11.394% volatility is expected.
Pessimistic target level: 2.37
Optimistic target level: 2.67

Target values for the price of one Digital Turbine share for Jul 2024.

The weighted average target price per Digital Turbine share in Jul 2024 is: 2.81.
In Jul, the Positive dynamics for Digital Turbine, Inc. shares will prevail with possible monthly volatility of 10.835% volatility is expected.
Pessimistic target level: 2.67
Optimistic target level: 2.99

Target values for the price of one Digital Turbine share for Aug 2024.

The weighted average target price per Digital Turbine share in Aug 2024 is: 2.88.
In Aug, the Positive dynamics for Digital Turbine, Inc. shares will prevail with possible monthly volatility of 6.910% volatility is expected.
Pessimistic target level: 2.79
Optimistic target level: 3.00

Target values for the price of one Digital Turbine share for Sep 2024.

The weighted average target price per Digital Turbine share in Sep 2024 is: 2.63.
In Sep, the Negative dynamics for Digital Turbine, Inc. shares will prevail with possible monthly volatility of 12.808% volatility is expected.
Pessimistic target level: 2.42
Optimistic target level: 2.77

Target values for the price of one Digital Turbine share for Oct 2024.

The weighted average target price per Digital Turbine share in Oct 2024 is: 2.55.
In Oct, the Negative dynamics for Digital Turbine, Inc. shares will prevail with possible monthly volatility of 15.704% volatility is expected.
Pessimistic target level: 2.38
Optimistic target level: 2.82

Target values for the price of one Digital Turbine share for Nov 2024.

The weighted average target price per Digital Turbine share in Nov 2024 is: 2.54.
In Nov, the Negative dynamics for Digital Turbine, Inc. shares will prevail with possible monthly volatility of 10.200% volatility is expected.
Pessimistic target level: 2.45
Optimistic target level: 2.73

Target values for the price of one Digital Turbine share for Dec 2024.

The weighted average target price per Digital Turbine share in Dec 2024 is: 2.42.
In Dec, the Negative dynamics for Digital Turbine, Inc. shares will prevail with possible monthly volatility of 15.658% volatility is expected.
Pessimistic target level: 2.21
Optimistic target level: 2.62



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.