BTIG Raises AppLovin (APP) Price Target Amid Strong Non-Gaming Revenue Forecasts

AppLovin Corp (NASDAQ:APP) ranks among the best fundamental stocks to buy right now. On September 15, BTIG maintained its Buy rating on AppLovin Corp (NASDAQ:APP) and boosted its price target from $547 to $664. The firm stated that the main reason for the higher target was the expansion of non-gaming revenue potential. Analyst Clark Lampen predicted non-gaming revenue for the fourth quarter of 2025 to reach $531 million, up from an earlier projection of $369 million.

BTIG updated its 2026 non-gaming revenue forecast to $2.580 billion from its initial $2.129 billion estimate. The firm expects quarter-over-quarter growth from Q4 2025 as new marketing cohorts join and progressively raise expenditure.

The firm said that, with referral-based onboarding expected to begin in less than a month, its adjusted predictions take into account seasonality, foreign reach growth, and referral program benefits.

AppLovin Corp (NASDAQ:APP) is a US-based mobile technology company that connects app developers with advertisers, delivering a suite of tools and services to enable developers monetise their apps through advertising.

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