Wedbush Maintains Outperform on AppLovin, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick McKay has maintained an Outperform rating on AppLovin (NASDAQ:APP) and increased the price target from $87 to $100, indicating a positive outlook on the company's future performance.
May 09, 2024 | 1:20 pm
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Wedbush analyst Nick McKay reaffirms an Outperform rating on AppLovin and raises the price target to $100 from $87, signaling strong confidence in the company's growth prospects.
The increase in price target by a reputable analyst like Nick McKay from Wedbush suggests a strong bullish sentiment towards AppLovin's stock. This adjustment reflects expectations of higher future performance and growth, likely influencing investor confidence positively and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100