Shares of AppLovin Corporation (APP) surged 5.06% in pre-market trading on Monday, following a wave of bullish analyst sentiment and price target hikes for the technology company.
Wedbush analysts significantly raised their price target on AppLovin to $545 from $270, while maintaining an Outperform rating on the stock. This move reflects growing optimism about the company's prospects and potential for further growth.
Similarly, Piper Sandler analyst James Callahan CFA reiterated a Buy recommendation on AppLovin and set a new price target of $400, further fueling the positive sentiment around the stock.
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