BTIG analyst Clark Lampen raised the firm’s price target on AppLovin (APP) to $480 from $471 and keeps a Buy rating on the shares. The company is expecting to complete the sale of its first-person mobile games business to Tripledot Studios over the balance of the current quarter, and the firm is adjusting its model to strip out contributions from those studios from the second half of 2025 forward, the analyst tells investors in a research note.
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