One of the Fastest Growing Companies in AdTechAfter a monster year of growth for Digital Turbine, analysts believe the expansion doesn't stop here.
Over the next three years, analysts predict the company will continue to grow EPS at a ~ 45% CAGR while expanding revenue at an average ~ 28% CAGR.
Although short-term liabilities outweigh short-term assets like cash and A/R due to acquisitions, it is predicted that the procurements of Fyber, AdColony, and Appreciate will help accelerate Digital Turbine's more prominent and profitable role in the fast-growing and secularly-thriving $200+ billion mobile ad/connected TV marketplace.
As for the technicals, we're witnessing a similar setup as the '18-'19 bull run that $APPS experienced. Distribution breakdowns into a falling wedge until volume begins to pick back up (breakdowns are primarily due to the macro environment, not the company's fundamentals). I chose the fiscal Q4 2022 ER date as a rough estimate for when $APPS might break the downtrend. By no means has Digital Turbine reversed course fundamentally, and I'd like the next ER to confirm that.
GLTA! (Disclaimer, I am long $APPS with both a long-term position and LEAPS call options).
