AppLovin price target raised to $57 from $55 at Stifel

Stifel raised the firm’s price target on AppLovin to $57 from $55 and keeps a Buy rating on the shares ahead of the company’s scheduled Q4 report due on February 14. The firm assumes “another record quarter” for Software Platform revenue and it has made upward revisions to estimates to reflect slightly better mobile app trends, the analyst tells investors.