AppLovin Gains 6.7% on Target Raise

AppLovin shares jumped 6.7% after Wells Fargo lifted its price target to $560 from $543, keeping an Overweight rating.
Analyst Alec Brondolo raised Q1 2026 revenue forecast by 3% to $1.82 billion, now 10% QoQ growth and 3% above consensus.
The upgrade cites stronger mobile‑game ad checks, flat share‑of‑voice, and improved e‑commerce advertiser sentiment despite flat new advertiser growth.
AppLovin has fallen ~40% YTD amid AI‑ad‑tech concerns, a short‑seller report on money‑laundering links, and ongoing SEC scrutiny.