Shares of AppLovin (NASDAQ: APP) rose today after a short-seller retracted accusations of money laundering and a bullish note from Wall Street. UBS lowered its price target to $686 but maintained a buy rating. Jefferies reiterated a buy rating with a price target of $860. Expectations are positive for fourth-quarter results, with revenue expected to increase by 48.1% to $1.61 billion.

Analysts are optimistic about AppLovin’s fourth-quarter report, with revenue expected to increase by 48.1% to $1.61 billion and adjusted earnings per share to rise from $2.07 to $3.07. Positive signs of Axon adoption growth have analysts predicting a post-earnings rise in the company’s stock. The full report will be available tomorrow when AppLovin reports earnings.

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Read more at Yahoo Finance: Why AppLovin Stock Was Moving Higher Today