Citi Says AppLovin Is Positioned to Meet or Beat Q3 Guidance
Citi added a 90-day upside view on AppLovin with a $600 target, calling Q3 concerns misguided.
Citi added a 90-day upside view on AppLovin with a $600 target, calling Q3 concerns misguided.
Revenue rose 53% to $1.92B with solid profits, but a slight miss and soft Q3 guidance sparked the sell-off.
Analyst highlights early-stage e-commerce ad growth and strong gaming outlook despite slight slowdown in merchant additions.
AppLovin beat Q1 earnings, raised outlook, and grew revenue with strong AI-driven ads, boosting stock.
Macquarie starts AppLovin with “Outperform,” $710 target, betting its new ad tech will drive strong growth by 2026.
AppLovin stock rises as Wells Fargo boosts target, citing strong ad growth, steady share, and confidence ahead of Q1 earnings.