AppLovin stock rises after Needham upgrade sets $700 target as Feb. 11 earnings loom
AppLovin shares rose 2.2% to $535.44 in after-hours trading Monday after Needham upgraded the stock to buy and raised its 2026 e-commerce revenue forecast to $1.45 billion. The broker cited new advertiser adoption of AppLovin’s Axon technology. Investors are watching for February 11 earnings and the Federal Reserve’s rate decision this week.