Analysts see big upside for AppLovin after strong Q1
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AppLovin reported a 59% increase in Q1 revenue to $1.84 billion, with EPS up 70%. Nineteen analysts have rated the company a 'Strong Buy' with an average price target of $691, indicating over 40% upside. The upcoming launch of a self-serve ad platform in June aims to broaden its customer base beyond large gaming developers.
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