Jefferies Upgrades AppLovin to Buy, Raises Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Andrew Uerkwitz has upgraded AppLovin (NASDAQ:APP) from Hold to Buy and raised the price target from $20 to $50.
August 22, 2023 | 9:13 am
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POSITIVE IMPACT
AppLovin's stock has been upgraded to Buy from Hold by Jefferies, with a price target increase from $20 to $50.
The upgrade from Hold to Buy indicates a positive outlook for AppLovin's stock. The significant increase in the price target from $20 to $50 suggests that the analyst sees substantial upside potential for the stock. This could lead to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100