AppLovin's Stock Rallies After Solid Q4 Growth, Underscores Ability To Scale Profitably, Analysts Say

Shares of AppLovin Corp APP were climbing in early trading on Thursday, after the company reported upbeat fourth-quarter results.The company reported its quarterly results amid an positive earnings season. Here are some key analyst takeaways.BofA Securities On AppLovinAnalyst Omar Dessouky reaffirmed a Buy rating, while raising the price target from $375 to$580.The magnitude of AppLovin's fourth-quarter beat was "completely unexpected," Dessouky said in a note. eCommerce is estimated to have contributed ar ...