Mobile adtech company AppLovin (NASDAQ: APP) saw a 3% stock increase, outpacing the S&P 500. Jefferies analyst James Heaney raised the price target to $615 per share from $560, maintaining a buy recommendation. He cited positive discussions with AppLovin’s CEO and CFO as reasons for the adjustment.

Heaney believes the mobile adtech market has strong growth potential driven by non-game mobile apps and in-app purchases. AppLovin’s EBITDA margins of over 80% are expected to be maintained despite high investment levels. Revenue estimates were raised for 2026 and fourth-quarter 2025.

The Motley Fool Stock Advisor team did not include AppLovin in their list of 10 best stocks to buy now. The top 10 stocks identified by the team historically yielded significant returns, outperforming the S&P 500 by a wide margin. Stock Advisor’s total average return is 1,047%.

Read more at Yahoo Finance: Why AppLovin Stock Bumped Higher Today