AppLovin (APP) Price Target Raised to $515 After Q1 Earnings Beat
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowAppLovin Corporation (APP) received a price target increase to $515 from $500 by JPMorgan following a first-quarter earnings report that exceeded expectations. In Q1, APP outperformed its earnings per share (EPS) by $0.12, and projected revenues are estimated between $1.915 billion and $1.945 billion for the upcoming period. Deutsche Bank and Piper Sandler also raised their price targets for APP to $660 and $665 respectively. CEO Adam Foroughi announced that starting June, advertisers can use the new Axon platform to launch campaigns, which is anticipated to significantly impact company growth.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About AppLovin Corporation (APP)
AppLovin runs a mobile-app advertising and marketing-software platform.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier APP news
- AppLovin (APP) Stock Gains as Wells Fargo Raises Target Price
- AppLovin Corporation Price Target Increased to $820 with 78.67% Upside
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