AppLovin Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Earnings Report - AppLovin Corporation is set to release its third-quarter earnings results on November 5, with analysts expecting earnings of $2.39 per share, an increase from $1.25 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $1.34 billion, compared to $1.2 billion a year earlier [1] Stock Performance - AppLovin shares experienced a decline of 3.7%, closing at $608.68 [2] Analyst Ratings - BTIG analyst Clark Lampen maintained a Buy rating and raised the price target from $664 to $693 [4] - Wedbush analyst Alicia Brondolo maintained an Outperform rating and increased the price target from $725 to $745 [4] - Citigroup analyst Jason Bazinet maintained a Buy rating and raised the price target from $600 to $850 [4] - B of A Securities analyst Omar Dessouky maintained a Buy rating and increased the price target from $580 to $860 [4] - Morgan Stanley analyst Matthew Cost maintained an Overweight rating and raised the price target from $480 to $750 [4]