Morgan Stanley Maintains Equal-Weight on AppLovin, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Cost maintains an Equal-Weight rating on AppLovin (NASDAQ:APP) and raises the price target from $55 to $70.
April 16, 2024 | 4:52 pm
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POSITIVE IMPACT
Morgan Stanley has maintained its Equal-Weight rating on AppLovin but increased the price target from $55 to $70.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on AppLovin's stock, potentially leading to increased investor confidence and a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100