Benchmark Maintains Sell on AppLovin, Raises Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Benchmark analyst Mark Zgutowicz maintains a 'Sell' rating on AppLovin (NASDAQ:APP) but raises the price target from $17 to $22.
August 10, 2023 | 3:23 pm
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NEUTRAL IMPACT
Despite the 'Sell' rating maintained by Benchmark, the raised price target from $17 to $22 indicates a potential upside for AppLovin.
The 'Sell' rating suggests that the analyst believes the stock will underperform the market or its sector in the short term. However, the raised price target from $17 to $22 indicates that the analyst sees some potential upside for the stock, which could lead to a mixed market reaction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100