Morgan Stanley raised the firm’s price target on AppLovin (APP) to $480 from $460 and keeps an Overweight rating on the shares following “solid” Q2 results. The company also announced a “key catalyst” with its e-commerce self-serve product, which is set to launch on October 1. The firm believes this could lead to “the next step function driver of revisions ahead,” the analyst tells investors.
Claim 55% Off TipRanks
Trade APP with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APP:
- AppLovin’s Strong Performance and Future Prospects Drive Buy Rating
- AppLovin price target raised to $425 from $400 at JPMorgan
- AppLovin’s Strong Financial Performance and Strategic Growth Initiatives Drive Optimistic Outlook
- AppLovin Reports Strong Q2 2025 Financial Growth
- AppLovin reports Q2 adjusted EBITDA $1.02B vs. $511M last year