Morgan Stanley Maintains Equal-Weight on AppLovin, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Cost maintains an Equal-Weight rating on AppLovin (NASDAQ:APP) and raises the price target from $17.5 to $40.
August 16, 2023 | 12:47 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on AppLovin and raises the price target from $17.5 to $40. This could potentially lead to an increase in the stock's price.
The increase in price target by Morgan Stanley indicates a positive outlook for AppLovin. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100