AppLovin Faces Mixed Analyst Sentiments: AXON 2.0's Promising Growth Amidst Apple's Potential Challenge
Portfolio Pulse from Anusuya Lahiri
Analysts have mixed sentiments about AppLovin Corp (APP) due to the promising growth of AXON 2.0 and potential challenges from Apple. Benchmark analyst Mark Zgutowicz maintained a Sell rating but raised the price target from $17 to $22. Wedbush analyst Nick McKay maintained an Outperform rating and raised the price target from $37 to $48. Credit Suisse analyst Stephen Ju also maintained an Outperform rating and raised the price target from $49 to $57. APP shares closed higher by 26.50% to $37.20 on Thursday.
August 10, 2023 | 9:01 pm
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POSITIVE IMPACT
AppLovin Corp (APP) faces mixed analyst sentiments due to the growth of AXON 2.0 and potential challenges from Apple. The stock closed higher by 26.50% to $37.20.
The mixed analyst sentiments and the potential challenges from Apple could create uncertainty for investors. However, the stock closed higher, indicating positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Apple's potential challenge to AppLovin Corp (APP) could impact its stock.
Apple's potential challenge to AppLovin Corp could create uncertainty for the latter's investors, potentially impacting its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50