AppLovin (APP) Tops Q1 EPS by 11c; offers guidance
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AppLovin Corp (APP) PT Raised to $100 at BTIG, 'Top Pick'
May 9, 2024 5:10 AM EDTBTIG analyst Clark Lampen raised the price target on AppLovin Corp (NASDAQ: APP) to $100.00 (from $87.00) while maintaining a Buy rating.
The analyst comments "AppLovin's 1Q24 results significantly exceeded consensus and a higher buy-side bar (~$615-$630M for Software) on stronger AppDiscovery trends and a sequential uptick in MAX from bidded mix shifts. Unpacking a large Software beat ($678M vs. our $614M), we estimate that about... More
