AppLovin price target raised to $437 from $432 at BTIG

BTIG raised the firm’s price target on AppLovin (APP) to $437 from $432 and keeps a Buy rating on the shares ahead of its Q4 results. The firm is boosting its estimates to reflect consistent improvement in advertiser feedback around AppLovin’s recently-launched commerce product while noting that the comments suggest advertiser count, campaign volume, and overall spending are all growing at healthy sequential rates, the analyst tells investors in a research note. BTIG adds it is now more comfortable underwriting upside vs. Q4 guidance and a larger contribution to 2025 Advertising revenue.