AppLovin shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $20 to $50.
Portfolio Pulse from Benzinga Newsdesk
Jefferies has upgraded AppLovin's stock from Hold to Buy and raised its price target from $20 to $50. This has resulted in AppLovin shares trading higher.
August 22, 2023 | 1:21 pm
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POSITIVE IMPACT
AppLovin's stock has been upgraded by Jefferies from Hold to Buy, with a price target increase from $20 to $50. This has led to a rise in the trading price of AppLovin shares.
The upgrade from Jefferies is a positive signal for investors, indicating increased confidence in the company's performance. The raised price target suggests that Jefferies expects the stock to perform well in the future, which is likely to attract more investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100