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.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade APPPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APP:
- AppLovin’s Strong Q3 Performance and Promising Growth Prospects Drive Buy Rating
- AppLovin price target raised to $800 from $740 at Piper Sandler
- AppLovin price target raised to $840 from $810 at UBS
- AppLovin price target raised to $700 from $640 at Benchmark
- AppLovin price target raised to $705 from $693 at BTIG