Reported about 12 hours ago
UBS analyst John Hodulik has reaffirmed a Buy rating on AppLovin Corporation (NASDAQ: APP) with a price target of $540, following the company's Q2 earnings report that exceeded Wall Street's expectations. The firm has raised its fiscal year 2026 EBITDA estimate to $6.18 billion, driven by strong gaming trends. UBS is optimistic about AppLovin's upcoming self-service ad platform rollout, which is expected to enhance revenue growth and provide a buying opportunity after a recent stock dip.
Source: YAHOO