AppLovin (APP) shares were up more than 24% in recent trading Thursday, a day after the company reported Q4 results ahead of expectations, which was followed by a number of analyst actions.
The company's Q4 net income of $1.73 per diluted share was up from $0.49 a year earlier and ahead of the FactSet consensus of $1.25.
Similarly, revenue rose to $1.37 billion from $953.3 million a year ago, beat consensus of $1.26 billion.
The company's Q1 revenue guidance of $1.36 billion to $1.39 billion was also ahead of $1.36 billion consensus.
Following the results, UBS adjusted its price target on the stock to $630 from $440, while Oppenheimer raised it to $560 from $480. BofA raised its price target to $580 from $375, and Wedbush changed it to $620 From $545.
Price: 473.29, Change: +92.97, Percent Change: +24.45
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