Nov. 6 at 11:26 PM
$APP Following its third-quarter earnings report, several analysts have upgraded AppLovin (APP) stock, raising price targets. BTIG Research raised its target to
$705, UBS raised its target to
$840, and Benchmark raised its target to
$700. These upgrades reflect strong Q3 results, particularly the exceeding of revenue and earnings-per-share expectations, and positive future guidance.
BTIG Research: Raised target to
$705 from
$693, citing healthy growth in both gaming and non-gaming revenues.
UBS: Raised target to
$840 from
$810, referencing potential upside in gaming estimates and better-than-expected EBITDA margins.
Benchmark: Raised target to
$700 from
$640, maintaining a "Buy" rating.
Piper Sandler: Raised target to
$800 from
$740.
JP Morgan: Raised to
$650 from
$425
Goldman Sachs: Raised target to
$720 from
$630.
Scotiabank: Sector Outperform and raises the price target from
$575 to
$750.
RBC Capital: Increased target to
$750 from
$700, noting consistent execution in the gaming sector.
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