Wedbush Maintains Outperform on AppLovin, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick McKay maintains an Outperform rating on AppLovin (NASDAQ:APP) but lowers the price target from $100 to $90.
August 08, 2024 | 2:08 pm
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Wedbush analyst Nick McKay maintains an Outperform rating on AppLovin but lowers the price target from $100 to $90.
The Outperform rating suggests continued confidence in AppLovin's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100