From Financial Modeling Prep: 2025-05-05 12:51:00

Jefferies reaffirmed its Buy rating and $460 price target on AppLovin (NASDAQ:APP) ahead of its Q1 earnings, citing confidence in near-term results and the ad market. Strength in gaming ads and e-commerce advertisers are seen as revenue drivers. New advertiser additions are exceeding expectations, positioning AppLovin as a top-three ad channel for e-commerce brands.

If AppLovin reports over 60% YoY ad revenue growth in Q1 and provides mid-single-digit sequential revenue growth guidance for Q2, Jefferies expects a positive stock response. Initial concerns about tariff-related headwinds have eased, with reassuring results from Meta, Google, and Reddit indicating strong advertising demand.



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