瑞银上调对销售增长更好的可见性评级，AppLovin上涨

AppLovin (NASDAQ:APP) was in focus on Tuesday as UBS upgraded the mobile technology software company, citing better visibility into revenue growth over the medium term.

Shares rose 2.3% in premarket trading.

The analysts raised their rating on AppLovin to Buy from Neutral and upped their price target to $145 from $100.

"Bottom-line, we have been warming to APP's execution on the gaming opportunity for a while and believe the [e-commerce total addressable market] could drive upside to our above [Wall Street] estimates as well as the multiple considering it's a large incremental pool of ad dollars," the analysts added.

Analysts are largely bullish on AppLovin (APP). It has a BUY rating from Seeking Alpha authors, while Wall Street analysts rate it a BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates APP a STRONG BUY.