Goldman Sachs Downgrades AppLovin to Neutral, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has downgraded AppLovin (NASDAQ:APP) from Buy to Neutral, while raising the price target from $103 to $150.

October 14, 2024 | 4:12 pm
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Goldman Sachs has downgraded AppLovin from Buy to Neutral, but increased the price target to $150, indicating mixed signals for investors.
The downgrade from Buy to Neutral suggests a less optimistic outlook on the stock's performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $150 indicates potential for future growth, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100