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AppLovin Corporation (NASDAQ: APP ) will release its second quarter earnings report after the closing bell on Wednesday, Aug. 5. Analysts expect the Palo Alto, California-based company to report quarterly earnings of $3.75 per share, up from $2.39 per share in the year-ago period. The consensus estimate for AppLovin’s
Wells Fargo raised the firm's price target on AppLovin to $575 from $571 and keeps an Overweight rating on the shares. Mobile game checks in Q2 indicate weaker ROAS driven by cost-per-install inflation and AppLovin category share has peaked at about 45%, says the firm. Web advertising share of wallet 5%-10% hasn't chan