AppLovin stock rose 4.8% after upgrading share buyback program, with $1.77 billion available for repurchase.

From Nasdaq: 2025-03-03 12:29:05

Shares of AppLovin (NASDAQ: APP) rose 4.8% after the company announced an upgrade to its share buyback program, with $1.77 billion available for repurchase. The program now allows for immediate repurchase of $500 million, with future quarters allowing for $500 million plus free cash flow. Analysts are bullish on AppLovin, with a buy rating and a price target of $525. Despite stock valuation concerns, the company’s advertising revenue was up 73% in the fourth quarter, indicating potential growth. Investors are encouraged to consider AppLovin as a promising investment opportunity.



Read more at Nasdaq: Why AppLovin Stock Was Climbing Today