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Goldman Sachs Analyst Raises Price Targets for AppLovin, Meta, and Alphabet

Goldman Sachs Analyst Raises Price Targets for AppLovin, Meta, and Alphabet

Published:
2025-10-15 04:07:01
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BTCCSquare news:

Goldman Sachs analyst Eric Sheridan has increased price targets for AppLovin (APP), Meta Platforms (META), and Alphabet (GOOGL) ahead of their Q3 earnings reports. The revisions reflect a more favorable digital advertising environment and improved growth visibility across the sector. Sheridan's analysis underscores confidence in these companies' long-term fundamentals.

AppLovin, a mobile app monetization platform, saw its target raised to $630 from $445, despite maintaining a Neutral rating. The analyst projects 20%+ annual ad revenue growth for AppLovin over the next three years, driven by mobile gaming demand and market share gains. Meta and Alphabet similarly benefit from sector-wide tailwinds as digital ad spending recovers.

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