AppLovin Corp (APP) PT Raised to $32 at DA Davidson

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AppLovin (APP) soars 18% on forecast beat; Brokers remain cautious

May 11, 2023 9:04 AM EDT

AppLovin (NASDAQ: APP) shares surged as much as 18.7% in pre-open Thursday trading after the gaming-software company reported solid first-quarter results and offered a better-than-expected revenue outlook for this quarter.

For Q1, Applovin reported a loss per share of $0.01 on revenue of $715... More