Applovin Set To Capitalize On AI Frenzy, Ad Growth, Analyst Cautions On Near-Term Volatility

In November, Applovin Corp APP reported third-quarter revenue of $1.20 billion, up 39%, topping the analyst consensus estimate of $1.13 billion. EPS of $1.25 beat the analyst consensus estimate of $0.94.Despite the strong results, Goldman Sachs analyst Eric Sheridan maintained a Neutral rating on the stock, with a price target of $220.Also Read: AppLovin’s High Valuation and Expansion Beyond Gaming Prompt Analyst CautionApplovin’s board raised the company’s share buyback program by $2 billion. The company e ...