12:40 PM EST, 02/13/2025 (MT Newswires) -- AppLovin ( APP ) shares were up more than 24% in recent trading Thursday, a day after the company reported Q4 results ahead of expectations, which was followed by a number of analyst actions.

The company's Q4 net income of $1.73 per diluted share was up from $0.49 a year earlier and ahead of the FactSet consensus of $1.25.

Similarly, revenue rose to $1.37 billion from $953.3 million a year ago, beat consensus of $1.26 billion.

The company's Q1 revenue guidance of $1.36 billion to $1.39 billion was also ahead of $1.36 billion consensus.

Following the results, UBS adjusted its price target on the stock to $630 from $440, while Oppenheimer raised it to $560 from $480. BofA raised its price target to $580 from $375, and Wedbush changed it to $620 From $545.

Price: 473.29, Change: +92.97, Percent Change: +24.45