HSBC Initiates Coverage On AppLovin with Buy Rating, Announces Price Target of $53.2
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Mohammed Khallouf has initiated coverage on AppLovin (NASDAQ:APP) with a Buy rating and set a price target of $53.2.
December 18, 2023 | 1:13 pm
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HSBC has initiated coverage on AppLovin with a Buy rating and a price target of $53.2, which could positively influence investor sentiment and the stock's price.
Analyst coverage, especially with a Buy rating, typically generates positive investor sentiment and can lead to an increase in stock price. The price target of $53.2 suggests a potential upside from the current trading price, assuming the market aligns with the analyst's valuation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100