BofA analyst Omar Dessouky raised the firm’s price target on AppLovin (APP) to $580 from $375 and keeps a Buy rating on the shares. The firm, which assumes a rapid succession of model enhancements in AppLovin’s e-commerce model independent of gaming ads, notes that its calendar 2025 and 2026 Advertising segment EBITDA model rises to $4B and $5.5B from $3.5B and $4.6B, respectively, following the company’s Q4 report.
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