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NASDAQ:APP 15 January 2026 - 27 January 2026

AppLovin stock price jumps 5% on Needham upgrade; $700 target puts Feb. 11 earnings in play

AppLovin stock price jumps 5% on Needham upgrade; $700 target puts Feb. 11 earnings in play

Shares of AppLovin Corp jumped 5.1% to $551.15 in late morning trading Monday following an upgrade from Needham. The firm raised its rating to buy and slapped on a $700 price target. Analyst Bernie McTernan cited increased confidence in the company’s 2026 growth, driven by expanded work on e-commerce ads. He also highlighted a bullish scenario where AppLovin could follow a “similar trajectory as TikTok.”
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