Stock Track | AppLovin Soars 5.26% as Loop Capital Raises Price Target to $450

Stock Track12-16

AppLovin Corporation (APP) shares surged 5.26% in Monday's intraday trading session, following Loop Capital's decision to raise its price target on the stock.

According to analyst reports, Loop Capital increased its price target on AppLovin from $385 to $450, maintaining a "Buy" rating on the shares. The firm cited AppLovin's non-inclusion in the FTC's recent antitrust lawsuit against Google as a positive factor for the company.

AppLovin, a leading marketing software company, has been benefiting from strong demand for its mobile app marketing solutions and ongoing growth in the mobile gaming industry. The company's solid financial performance and promising growth prospects have likely contributed to the analyst's bullish stance and target price revision.

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