These Analysts Increase Their Forecasts On AppLovin After Strong Q2 Earnings

Applovin Corp (NASDAQ:APP) posted upbeat earnings for the second quarter on Wednesday.

AppLovin reported second-quarter revenue of $1.26 billion, missing analyst estimates of $1.31 billion, according to Benzinga Pro. The company reported second-quarter earnings of $2.39 per share, beating analyst estimates of $2.04 per share.

Applovin shares jumped 13.2% to $442.10 on Thursday.

These analysts made changes to their price targets on Applovin following earnings announcement.

• Piper Sandler analyst James Callahan maintained AppLovin with an Overweight rating and raised the price target from $470 to $500.
• Wells Fargo analyst Alec Brondolo maintained AppLovin with an Overweight rating and raised the price target from $405 to $480.
• Morgan Stanley analyst Matthew Cost maintained the stock with an Overweight rating and raised the price target from $460 to $480.
• Scotiabank analyst Nat Schindler maintained AppLovin with a Sector Outperform and raised the price target from $430 to $450.

Considering buying APP stock? Here’s what analysts think:

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