Knowing stock market today at a glance

Applovin Stock Jumps 5.17% Following Bullish Goldman Sachs Price Target

Mover TrackerTuesday, Jan 28, 2025 5:44 pm ET

1min read

On January 28, Applovin saw a 5.17% increase in its stock price. The recent surge follows a report from Goldman Sachs on January 27, where the firm maintained its neutral rating on Applovin while setting a new price target at $335.00 per share.

In its most recent earnings report released on November 6, Applovin disclosed solid financial performance for the third quarter of 2024. The company's revenue reached $33.36 billion, marking a significant year-on-year growth of 43.21%. Net profit came in at $9.81 billion, with basic earnings per share reported at $2.91.

Established on July 18, 2011, in Delaware, Applovin has positioned itself as a leader in the mobile app industry. The company is focused on creating software-based platforms that enhance marketing and monetization for mobile app developers. Applovin also boasts a diverse portfolio of applications, including free mobile games operated by its own studios or those of partner studios.

The company's strong financial results and strategic developments in its core businesses reflect its robust position in the sector. Applovin's ability to maintain a diversified and dynamic approach to mobile applications continues to drive its market success, despite the competitive landscape.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.