Citi raised the firm’s price target on AppLovin to $98 from $80 and keeps a Buy rating on the shares post the Q1 report. The analyst continues to believe that AppLovin’s multiple does not appropriately reflect the company’s “robust” growth rate or margin profile.
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: