JP Morgan Maintains Neutral on AppLovin, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst David Karnovsky maintains a Neutral rating on AppLovin (NASDAQ:APP) but raises the price target significantly from $57 to $160.
October 22, 2024 | 12:15 pm
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JP Morgan has maintained a Neutral rating on AppLovin but significantly increased the price target from $57 to $160, indicating a more optimistic outlook on the company's future performance.
The significant increase in the price target from $57 to $160 suggests that JP Morgan sees potential for substantial growth in AppLovin's stock price. Although the rating remains Neutral, the raised target could attract investor interest and potentially drive the stock price up in the short term.
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IMPORTANCE 80
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