Needham Turns Bullish on AppLovin with $700 Price Target
Needham upgrades AppLovin to Buy, raising its price target to $700 and boosting 2026 e-commerce revenue forecasts due to stronger advertiser growth.
Needham upgrades AppLovin to Buy, raising its price target to $700 and boosting 2026 e-commerce revenue forecasts due to stronger advertiser growth.
AppLovin stock tumbles 6% after damning report alleges ties to transnational crime syndicates and money laundering. Company denies all claims as "false and nonsensical."
AppLovin (APP) reports 68% revenue growth in Q3 2025, posting $1.41B in sales. CEO focuses on boosting conversion rates through enhanced AI models and broader advertiser base while announcing $3.3B buyback.
AppLovin has discontinued its Array product following allegations that apps were being installed on Android phones without user consent, affecting T-Mobile and Samsung devices.
SEC is probing AppLovin’s data. Stock fell, but Citi analysts call the drop "extreme" and urge investors to buy the shares now.
The SEC, prompted by whistleblower complaints and short-seller reports, is investigating mobile advertising giant AppLovin over allegations of violating platform agreements to facilitate targeted advertising through unauthorized data collection practices like "fingerprinting."