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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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-foolBest Buy (BBY) delivered better-than-expected second-quarter fiscal 2027 results with adjusted earnings jumping 70.1% to $1.48 per share and revenues rising 3.6% to $9.78 billion. Domestic comparable sales grew 4.5%, driven by computing, mobile phones, and services. The company raised its full-year fiscal 2027 guidance for revenues, comparable sales, earnings, and adjusted operating margins, citing strong first-half performance and positive momentum.
Read original at zacks-investment-researchBest Buy stock fell 4.3% despite beating earnings expectations ($1.47 vs $1.35 expected), exceeding sales forecasts ($9.8B vs $9.5B expected), and raising full-year guidance. The company reported 3.6% sales growth and 15% profit growth in fiscal Q2 2027, with only a minor 4.2% decline in international sales. The stock decline appears disconnected from the positive fundamentals, with the company trading at an attractive 12.2x forward earnings.
Read original at the-motley-fool