AppLovin stock price rises again as UBS trims target and earnings loom
AppLovin shares climbed 2.7% to $472.92 in after-hours trading Tuesday, extending a rebound ahead of quarterly results due after the U.S. close Wednesday. UBS cut its price target to $686 from $840 but maintained a Buy rating, citing improved ad performance from the Axon system and rising competitive risks from Meta and Alphabet.