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AppLovin initiated with an Outperform at FBN Securities

FBN Securities analyst Matthew Thornton initiated coverage of AppLovin (APP) with an Outperform rating and $385 price target The firm is positive on AppLovin’s “dominant position” in mobile gaming. The analyst views 2025 and 2026 consensus estimates “as a low hurdle” and sees an attractive roadmap for the company’s growth initiatives.

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