Stifel raised the firm’s price target on AppLovin (APP) to $185 from $100 and keeps a Buy rating on the shares ahead of the scheduled Q3 report on November 7. The firm, which assumes “another record quarter for Software Platform revenue,” made upward revisions to estimates that embed Software Platform revenue growth for FY25 that places its forecast near the mid-point of management’s stated target of growing segment revenue by 20% to 30% year-over-year per year, the analyst tells investors in a preview.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on APP:
- AppLovin price target raised to $180 from $105 at Oppenheimer
- AppLovin price target raised to $185 from $155 at Citi
- AppLovin price target raised to $160 from $57 at JPMorgan
- AppLovin initiated with a Buy at Loop Capital
- AppLovin price target raised to $210 from $120 at BofA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
