Wedbush Maintains Outperform on AppLovin, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick McKay has maintained an Outperform rating on AppLovin (NASDAQ:APP) and increased the price target from $58.5 to $67.
February 15, 2024 | 1:54 pm
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POSITIVE IMPACT
Wedbush has maintained an Outperform rating on AppLovin and raised the price target from $58.5 to $67.
The increase in price target by a reputable analyst like Nick McKay from Wedbush suggests a strong bullish outlook on AppLovin. This is likely to positively influence investor sentiment and potentially lead to a short-term increase in the stock price, as market participants may adjust their positions based on this new target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100