Stifel Maintains Buy on AppLovin, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst David Pang maintains a Buy rating on AppLovin (NASDAQ:APP) and raises the price target from $85 to $98, indicating a positive outlook on the company's stock.
May 09, 2024 | 1:55 pm
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Stifel analyst David Pang reaffirms a Buy rating on AppLovin and increases the price target to $98, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like David Pang from Stifel signifies a strong bullish sentiment towards AppLovin's stock. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100