Citi Reiterated a Buy Rating on AppLovin (APP), Kept the PT Unchanged

AppLovin Corporation (NASDAQ:APP) is one of the Best Extremely Profitable Stocks to Buy Right NowOn July 14, Citi analyst Jason Bazinet reiterated a Buy rating on AppLovin Corporation (NASDAQ:APP) with a price target of $600.

The company is set to release its fiscal second quarter results on August 6, 2025. Analyst Bazinet expects the company to report results near the high end of its revenue and adjusted EBITDA guidance. He highlighted the company’s eCommerce advertising initiative and the launch of self-serve tools that could boost customer engagement and spending.

Citi Reiterated a Buy Rating on AppLovin (APP), Kept the PT Unchanged

A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software-based platform.

Bazinet noted that the recent app store fee changes might lower the user acquisition cost, thereby benefiting the platform. Moreover, the sale of its mobile gaming business is also expected to raise revenue during the second quarter.

AppLovin Corporation (NASDAQ:APP) is a technology company that offers a software platform to help businesses market, monetize, and grow their mobile apps.

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Disclosure: None. This article is originally published at Insider Monkey.