Wedbush analysts believe AppLovin Corp (NASDAQ:APP) has repeatedly proven that its phenomenal growth will continue for the foreseeable future, while calling its profit margins “staggering”.
Applovin will report its third quarter 2025 financial results on November 5.
“We expect the current year to benefit handsomely from ongoing momentum in gaming as AppLovin benefits from more players and increased spending on user acquisition (UA) and layering in ecommerce,” the analysts wrote in a note to clients on Thursday.
They expect AppLovin to highlight its continuing success and to commit to sustaining sequential revenue growth indefinitely, while anticipating the company’s ecommerce business to accelerate.
Wedbush analysts maintained their ‘Outperform’ rating and $745 per share target price on Applovin stock.
Shares of Applovin edged 0.2% lower to $630 in midday trading on Thursday.