Movement Alert|AppLovin Corporation Rises 3.05% in Regular Trading, Multiple Institutions Raise Price Targets Ahead of Q2 Earnings

Market Focus
Aug 05

On August 5, AppLovin Corporation rose 3.05% in regular trading, trading at $435.06 per share, with turnover of $94.42 million.

On the news front, the company is scheduled to release its second-quarter earnings report after market close the same day, while multiple institutions have raised their price targets, boosting market sentiment. UBS raised its target price on AppLovin from $750 to $798, maintaining a Buy rating. Wedbush expects the company to report Q2 revenue of approximately $1.97 billion and adjusted EBITDA of approximately $1.66 billion, both exceeding the company's guidance range, and forecasts 4%-6% sequential revenue growth for Q3. Market consensus expects EPS of $3.72, representing approximately 64.6% year-over-year growth. The current Wall Street average target price stands at approximately $668, implying significant upside from the current stock price, reflecting strong institutional bullish sentiment overall.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10