AppLovin sees analyst upgrades and a higher stock target price despite a Goldman Sachs downgrade.

AppLovin (NASDAQ: APP) has seen multiple analyst upgrades, with a consensus "Moderate Buy" rating. Analysts raised the stock's target price to an average of $265.57, with some reaching up to $480. AppLovin reported a strong quarter with EPS of $1.25, surpassing estimates by $0.33, and a 38.6% year-over-year revenue increase to $1.20 billion. Despite the optimism, Goldman Sachs downgraded the stock to "neutral."

November 30, 2024
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