BTIG raised the firm’s price target on AppLovin (APP) to $291 from $202 and keeps a Buy rating on the shares. The company’s Q3 results and call commentary provided significant, thesis-validating evidence that gaming is shaping up to be a winner-take-most market, and that Commerce will be a significant contributor to the business starting next year, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APP:
- AppLovin price target raised to $250 from $185 at Stifel
- AppLovin price target raised to $200 from $160 at JPMorgan
- AppLovin Corp. Reports Strong Q3 2024 Performance
- Closing Bell Movers: AppLoving up 29% after Q3 earnings beat
- AppLovin jumps 30% to $219 after Q3 earnings beat, above-consensus guidance