Wells Fargo bumped their price target on AppLovin from $543 to $560 and maintained their buy rating. The stock closed up about 7% on the news. The analyst raised Q1 revenue estimates by 3% after industry checks showed ad spending is looking strong, particularly for in-app ads. Earnings are coming out early next month. Consensus estimates are expecting $1.8 billion in revenue, up 19% from last year, and for EPS to double to $3.45.