AppLovin Seen as Attractive Entry Point, Evercore Reiterates Outperform

Evercore ISI reiterated its Outperform rating and $750 price target on AppLovin Corp (NASDAQ: APP), citing strong fundamentals despite recent share price weakness. The firm said the stock’s recent negative momentum appears disconnected from underlying business performance and feedback from industry checks. AppLovin is currently trading at approximately 14.6x estimated 2027 EV/EBITDA, near levels seen following prior short reports, which Evercore views as an attractive entry point ahead of first-quarter earn ...