Scotiabank analyst Nat Schindler raised the firm’s price target on AppLovin (APP) to $750 from $575 and keeps an Outperform rating on the shares. The company’s quarterly results were strong, and management had positive things to say across all aspects of the business during its earnings call, the analyst tells investors. With the diversity of its content, management expects retention to increase and ad supply to expand, which should act as natural tailwinds, the firm adds.
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