Loop Capital Markets Reiterated a Buy Rating on AppLovin Corporation (APP), Kept the PT Unchanged

AppLovin Corporation (NASDAQ:APP) is one of the Best Stocks to Invest in for High Returns. On August 1, Rob Sanderson from Loop Capital Markets reiterated a Buy rating on AppLovin Corporation (NASDAQ:APP) with a price target of $650.

The reiterated bullish sentiment follows the company’s announcement to release its fiscal second quarter results on August 6. AppLovin Corporation (NASDAQ:APP) delivered robust results during its fiscal first quarter of 2025. The revenue reached $1.48 billion after growing 40.25% and surpassed expectations by $101.7 million. Moreover, the EPS of $1.67 also beat expectations by $0.23.

The management is anticipating total advertising revenue for the second quarter to be within the range of $1.195 billion to $1.215 billion. Whereas, the adjusted EBITDA is anticipated between $970 million and $990 million.

AppLovin Corporation (NASDAQ:APP) is a marketing technology company that offers software and AI solutions to help businesses reach and grow their global audiences.

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Disclosure: None. This article is originally published at Insider Monkey.