JP Morgan Maintains Neutral on AppLovin, Raises Price Target to $36
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst David Karnovsky maintains a Neutral rating on AppLovin (NASDAQ:APP) and raises the price target from $21 to $36.

August 10, 2023 | 4:08 pm
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JP Morgan maintains a Neutral rating on AppLovin and raises the price target from $21 to $36.
The news is directly about AppLovin. JP Morgan's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $21 to $36 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100