Citigroup and BofA raise PT on AppLovin, citing lower risks and strong growth potential

AppLovin

01/10/2025 16:03

** Brokerages Citigroup and BofA raise PT on market platform AppLovin APP.O, citing increased forecast confidence and lower execution risk

** Citigroup raises PT for APP to $850 from $600, on lower execution risk and performance being dependent on growing adoption of its platform in eCommerce sector

** BofA raises PT for APP to $860 from $580 as they see the company becoming a must-have advertising channel for eCommerce brands by 2026, with strong upside potential and lower execution risk

** 21 of 26 brokerages rate the stock "buy" or "higher", four "hold", and one "sell"; their median PT is $620 - data compiled by LSEG

** Stock up 124% YTD

(Reporting by Anuj T in Bengaluru)

((anuj.t@thomsonreuters.com))