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Benzinga

Business

Triveni Kothapalli

AppLovin Sees Stronger Non-Gaming Momentum As Expansion Accelerates

AppLovin APP Nasdaq BTIG Corporation

Jakarta,-,August,15,2024:,Applovin,Corporation,Logo,Signboard.,Is,An

AppLovin Corporation’s (NASDAQ:APP) push beyond gaming is gaining momentum, with surging non-gaming revenue fueled by international expansion, referral program adoption, and seasonal ad spend, strengthening the company’s position as it eyes broader opportunities across commerce, healthcare, and financial services.

BTIG analysts led by Clark Lampen raised their price forecast for AppLovin to $664 from $547, maintaining a Buy rating.

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