Benchmark Maintains Sell on AppLovin, Raises Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mark Zgutowicz maintains a Sell rating on AppLovin (NASDAQ:APP) but raises the price target from $48 to $66.
August 23, 2024 | 12:21 pm
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Benchmark analyst Mark Zgutowicz maintains a Sell rating on AppLovin but raises the price target from $48 to $66, indicating a more optimistic view on the stock's potential value despite the Sell rating.
The analyst's decision to maintain a Sell rating suggests a cautious stance on the stock's performance, but the increased price target indicates a belief in higher potential value. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100