UBS Maintains Neutral on AppLovin, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
UBS analyst John Hodulik has maintained a Neutral rating on AppLovin (NASDAQ:APP) and increased the price target from $40 to $46.
December 01, 2023 | 6:29 pm
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POSITIVE IMPACT
UBS analyst John Hodulik maintains a Neutral rating on AppLovin but raises the price target from $40 to $46, indicating a positive outlook on the company's valuation.
The increase in price target by UBS suggests an improved outlook on AppLovin's valuation, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at current levels, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100