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BofA on AppLovin Corp (APP): 'Updating eCommerce assumptions based on management feedback

June 5, 2025 8:11 AM EDT

BofA Securities analyst Omar Dessouky reiterated a Buy rating and $580.00 price target on AppLovin Corp (NASDAQ: APP).

The analyst comments "Based on feedback we received from management intra-quarter, we lower our 4Q24 and 1Q25 eCommerce net revenue assumptions to $55mn/$110mn from... More