JPMorgan analyst Cory Carpenter raised the firm’s price target on AppLovin (APP) to $515 from $500 and keeps a Neutral rating on the shares. The company reported a Q1 beat and guided Q2 in-line with expectations, the analyst tells investors in a research note.
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- Notable companies reporting after market close
- AppLovin reports Q1 EPS $3.56, two estimates $3.64
- AppLovin sees Q2 revenue $1.915B-$1.945B, consensus $1.9B
- AppLovin files automatic mixed securities shelf
- Ralph Schackart Reiterates Buy on AppLovin as Strong Q1 Beat, Global Self-Service Rollout, and AI Tools Drive Growth Outlook