BTIG raised the firm’s price target on AppLovin (APP) to $471 from $443 and keeps a Buy rating on the shares. The company reported Q1 results that meaningfully exceeded the firm’s above-guidance estimates alongside commentary that downplayed the notion that declining rates of spending might curtail forward-quarter growth, the analyst tells investors in a research note.
Claim 30% Off TipRanks
New trading tool for APP bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APP:
- AppLovin price target raised to $420 from $350 at Morgan Stanley
- AppLovin price target raised to $355 from $270 at JPMorgan
- AppLovin price target raised to $530 from $460 at Jefferies
- AppLovin price target raised to $405 from $386 at Wells Fargo
- AppLovin’s Growth Potential: Buy Rating Backed by Strong Revenue Increase and Market Expansion Opportunities