UBS Raises AppLovin Corporation (APP)'s Price Target To $810, Maintains Buy Rating

AppLovin Corporation (NASDAQ:APP) is among the 10 Best Money Making Stocks to Invest In. On September 26, UBS hiked the stock’s price target to $810 from $540, while maintaining a Buy rating for its shares.

Analyst Chris Kuntarich noted that the company was on track to execute key initiatives over the next 12 months, which could help in enhancing the efficacy of Axon 2.0 and drive estimate and valuation expansion.

In a research note to analysts, Kuntarich also highlighted that web-based advertiser checks point toward strong demand for AppLovin Corporation (NASDAQ:APP)’s referral program.

In other related news, Piper Sandler, on the same day, also raised AppLovin Corporation (NASDAQ:APP)’s price target to $740 from $500, and reiterated an Overweight rating for its shares.

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