AppLovin price target raised to $483 from $480 at BTIG

BTIG raised the firm’s price target on AppLovin (APP) to $483 from $480 and keeps a Buy rating on the shares ahead of the Q2 earnings report on August 6. The firm’s checks suggest AppLovin maintained or increased their leadership position in gaming this quarter with feedback suggesting the company outgrew peers across an improving market backdrop, the analyst tells investors in a research note. AppLovin remains a Top Pick.

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