Needham keeps Buy on AppLovin, holds $700 target
Needham analyst Bernie McTernan reiterated a Buy rating on AppLovin, maintaining a $700 price target. This decision is based on the company's AI-driven growth roadmap.
Key Takeaways
- Needham’s Bernie McTernan reiterated a Buy rating on AppLovin.
- The price target stayed unchanged at $700.00.
- The stated basis for the rating was AppLovin’s AI-driven growth roadmap.
- The report was published on May 12, 2026.
Why It Matters
The immediate takeaway is that Needham is still backing AppLovin at a $700 target, tying the call to the company’s AI-driven growth roadmap. For streaming and ad-tech readers, that keeps attention on how AppLovin is positioning AI inside its growth plan rather than on any new financial disclosure in this note. What to watch next: whether AppLovin provides further detail on that roadmap in future company updates or earnings materials.
Read full article at tipranks.com
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