Applovin was the most successful tech stock in the U.S. last year, soaring over 700% and outperforming even the biggest names in the AI space.
Shares of Applovin ripped more than 30% higher following a fourth-quarter earnings beat, causing many analysts to lift their price targets.
ripped more than 30% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets.The ad tech company reported earnings per share of $1.73 on $1.37 billion in revenue for the final quarter, outperforming analysts' expectations polled by LSEG, who expected earnings of $1.24 per share on $1.26 billion in revenue.
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