Needham Maintains Buy on AppLovin, Lowers Price Target to $475
Needham analyst Bernie McTernan maintains AppLovin (NASDAQ:APP) with a Buy and lowers the price target from $500 to $475.
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AppLovin (APP) shares dropped 16% on a Q2 revenue miss, but a resolved AI timing issue and strong Q3 guidance signal a powerful rebound.
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Needham analyst Bernie McTernan maintains AppLovin (NASDAQ:APP) with a Buy and lowers the price target from $500 to $475.
Read original at benzingahttps://www.axios.com/2026/08/21/doj-tiktok-biden-lawsuit-settlement
Read original at benzingaPiper Sandler analyst James Callahan maintains AppLovin (NASDAQ:APP) with a Neutral and lowers the price target from $385 to $325.
Read original at benzingaCoreWeave has surpassed AppLovin in quarterly revenue, driven by strong AI infrastructure demand, with Q2 2026 revenue reaching $2.6 billion versus AppLovin's $1.9 billion. However, AppLovin maintains superior profitability with a 66% net income margin compared to CoreWeave's -24% margin. AppLovin's growth is decelerating, with Q2 year-over-year growth at 53% down from Q1's 59%, prompting analyst downgrades and a 52-week stock low.
Read original at the-motley-fool