BTIG raised the firm’s price target on AppLovin (APP) to $202 from $150 and keeps a Buy rating on the shares. The stock’s recent run is the result of rising investor confidence around commerce contributions in FY25 and beyond, a healthier grasp of the company’s dominance in gaming, and valuation that still looks attractive on a FY26 basis, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APP:
- Trade Desk downgraded, First Solar upgraded: Wall Street’s top analyst calls
- AppLovin initiated with an Overweight at Wells Fargo
- AppLovin price target raised to $185 from $100 at Stifel
- AppLovin price target raised to $180 from $105 at Oppenheimer
- AppLovin price target raised to $185 from $155 at Citi