Jun. 15 at 9:42 PM
$APP
GA (general availability) launch next week is a key inflection point for this name. This is the type of catalyst that can actually shift the growth curve, not just sentiment.
If execution goes well, it’s not hard to see revenue trajectory stepping up toward ~
$12B+ in 2027, with upside scenarios closer to
$13–14B if momentum extends. Street is still sitting closer to ~
$10.5B, so there’s a gap between expectations and what’s being modeled.
Margins are the bigger lever here. At ~70%+ net income margin profile, EPS growth stays extremely strong, and valuation starts to look compressed relative to growth if these assumptions hold.
At current pricing, the market is effectively valuing it closer to mid-20s NTM earnings multiples, which feels low for a name compounding EPS at 50–60%+ rates.
If GA delivers cleanly, this is one of those setups where the multiple and the fundamentals both start moving at the same time.
