Applovin (APP) shares rose 7% on April 7, 2026, following positive updates from two Wall Street firms.
BTIG increased its first-quarter revenue estimate for the company to $1.82 billion. This figure exceeds Applovin’s own guidance and reflects strong performance from non-gaming advertisers.
Wedbush reiterated its Outperform rating on the stock. The firm identified generative AI advertising tools as a primary driver for future growth.
These upgrades offset recent investor concerns regarding competition and a broader year-to-date technology sector selloff.