AppLovin price target raised to $664 from $547 at BTIG

BTIG analyst Clark Lampen raised the firm’s price target on AppLovin (APP) to $664 from $547 and keeps a Buy rating on the shares. The firm is updating its model as it attempts to size the non-gaming revenue opportunity for AppLovin in Q4 and 2026, as well as the long-run addressable market opportunity associated with general audience expansion, the analyst tells investors in a research note. BTIG adds that the supply expansion and model upgrades could be additional tailwinds to its FY26 revenue estimates.