Jefferies Maintains Buy on AppLovin, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst James Heaney has maintained a Buy rating on AppLovin (NASDAQ:APP) and increased the price target from $93 to $105, indicating a positive outlook on the company's future performance.
May 09, 2024 | 7:38 pm
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Jefferies analyst James Heaney has reaffirmed a Buy rating on AppLovin and raised the price target from $93 to $105, signaling confidence in the company's growth prospects.
The increase in price target by a reputable analyst like James Heaney suggests a strong bullish sentiment towards AppLovin's stock. Such endorsements often lead to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100