AppLovin Corp Stock Price Fluctuates Amid Optimism
AppLovin Corp, a technology development company, has experienced fluctuations in its stock price over the past few days. Analysts have expressed concerns regarding user privacy and mobile ad tech, but remain optimistic about the company’s prospects.
Several firms, including BTIG and Benchmark, have revised their price targets for AppLovin stock. The revised targets reflect expectations of significant earnings growth in the upcoming quarter.
Key highlights of the revised price targets include:
- BTIG: Increased price target to $85 per share
- Benchmark: Raised price target to $90 per share
The company is scheduled to release its Q2 results on August 6. Analysts anticipate a substantial increase in earnings per share, with estimates ranging from 20% to 30% growth.
Financial Projections
- Earnings per share (EPS) growth: 20-30% in Q2
- Revenue growth: Moderate increase in value
- Price targets: Revised targets range from $85 to $90 per share
The stock has shown a moderate increase in value, with some analysts predicting further growth in the near future.