BTIG analyst Clark Lampen raised the firm’s price target on AppLovin (APP) to $600 from $437 and keeps a Buy rating on the shares. The company’s Q4 results meaningfully exceeded the firm’s above-consensus expectations and met the higher end of buy-side bull expectations heading into the print, while its commerce extension ramped faster than anticipated and take rates were higher than expected, the analyst tells investors in a research note.
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