Benchmark Maintains Sell on AppLovin, Raises Price Target to $17
Portfolio Pulse from jenniferd'souza@benzinga.com
Benchmark analyst Mark Zgutowicz maintains a 'Sell' rating on AppLovin (NASDAQ:APP) and raises the price target from $14 to $17.

August 08, 2023 | 1:40 pm
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Benchmark analyst maintains a 'Sell' rating on AppLovin and raises the price target from $14 to $17.
The 'Sell' rating maintained by Benchmark suggests that the analyst believes the stock's price will decline in the short term. However, the increase in price target from $14 to $17 indicates a slightly more optimistic outlook than before, which could potentially limit the downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100