<p><strong>Applovin Corp</strong> (NASDAQ:APP) is soaring Thursday after the company beat analyst estimates with first-quarter financial results Wednesday. Here's what analysts are saying about the results and the company's guidance.</p>



<h2>The Applovin Analysts</h2>



<ul>
<li>Bank of America Securities analyst Omar Dessouky reiterated a Buy rating on Applovin with a price target of $705.</li>



<li>JPMorgan analyst Cory Carpenter maintained a Neutral rating and raised the price target from $500 to $515.</li>
</ul>



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<h2>Bank of America on APP Stock</h2>



<p>Dessouky said the first-quarter results were not the surprise wanted, but enough to keep a Buy rating.</p>



<p>&#34;Gaming strength raises floor on stock, but lack of eCommerce surprise keeps new money on sidelines 2Q26,&#34; Dessouky said.</p>



<p>The analyst said the guidance was weaker than expected, but it might be conservative.</p>



<p>&#34;Valuation remains cheap, growth adjusted.&#34;</p>



<p>Dessouky said the results are encouraging that March ad spend was 25% higher than January, but commentary suggests a &#34;more drawn-out ramp for new advertisers.&#34;</p>



<p>April advertising spend hit new all-time highs, and Bank of America tracking showed 1,600 advertisers in the month.  </p>



<h2>JPMorgan on APP Stock</h2>



<p>Applovin guidance was mostly in line with expectations, Carpenter said in a new investor note.</p>



<p>The analyst said the gaming segment helped with the first-quarter beat, while the consumer segment is ramping into April.</p>



<p>&#34;We believe gaming accounted for the vast majority – or perhaps all -of the sequential growth, though management noted consumer grew 25% from January to March,&#34; Carpenter said.</p>



<p>The analyst said second-quarter guidance seems conservative given the commentary on the strength in April.</p>



<p>&#34;We are positive on APP's positioning as the clear leader in mobile gaming ad monetization, but we have less conviction around the scaling of consumer over time.&#34;</p>



<h2>APP Stock Price Action</h2>



<p>Applovin stock is up 6% to $496.85 on Thursday versus a 52-week trading range of $320.00 to $745.61. Applovin stock is down 26.3% year-to-date in 2026.</p>



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<p><em>Photo: CryptoFX / Shutterstock</em></p>

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<p>Applovin Corp (NASDAQ:APP) stock surged after beating Q1 estimates, with analysts providing mixed ratings. Bank of America maintained a Buy rating with a price target of $705, citing strong gaming performance but conservative guidance. JPMorgan kept a Neutral rating, raising the target to $515, noting that gaming drove growth while consumer performance is improving. Despite a 6% increase to $496.85, the stock is down 26.3% year-to-date. Analysts remain optimistic about Applovin's position in mobile gaming ad monetization, though concerns about consumer growth persist.</p>

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AppLovin

Wedbush ETFMG Video Game Tech ETF

Global X Video Games & Esports ETF

VanEck Video Gaming and eSport ETF

Tradr 2X Long APP Daily ETF

Bank of America

JPMorgan Chase

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

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BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

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BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Applovin Stock A Buy After Q1 Results, Guidance: Analyst Says 'Valuation Remains Cheap'