AppLovin stock jumps on Q3 beat, Goldman upgrade
AppLovin (APP) stock rose nearly 7% Thursday after Goldman Sachs raised its price target to $720 from $630 following the company Q3 beat. Goldman cited strong ad revenue growth via AppLovin AI-driven AXON 2.0 platform and robust margins. The firm sees 17% upside from Wednesday close, highlighting management optimism on expanding into eCommerce ads through 2026.