Oppenheimer analyst Martin Yang raised the firm’s price target on AppLovin (APP) to $560 from $480 and keeps an Outperform rating on the shares. The firm notes AppLovin reported 44% year-over-year revenue growth and 62% adjusted EBITDA margin in Q4, ahead of consensus. Management announced divestiture of the Apps business, expected to complete by Q2 2025.
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Read More on APP:
- AppLovin price target raised to $525 from $375 at Benchmark
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- AppLovin price target raised to $580 from $375 at BofA
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