AppLovin price target raised to $67 from $58.50 at Wedbush

Wedbush raised the firm’s price target on AppLovin to $67 from $58.50 and keeps an Outperform rating on the shares following quarterly results. The firm says AppLovin easily beat its own guidance and consensus expectations as it closed out a highly successful 2023 that was driven in large part by the introduction of its AXON 2.0 advertising engine.