Piper Sandler raised the firm’s price target on AppLovin (APP) to $665 from $650 and keeps an Overweight rating on the shares. The firm notes the company delivered a clean beat and raise, with Q1 revenue up 59% year-over-year or 3.8% above Street, the largest percentage beat since Q1 2025.
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Read More on APP:
- 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