Stock Track | AppLovin Soars 5.02% Intraday on Broker Target Price Hikes and Upgrades
Stock Track
May 28
AppLovin Corporation's stock surged 5.02% during intraday trading on Thursday, continuing its recent positive momentum.
The sharp rise follows a series of bullish analyst actions. Daiwa Securities raised its price target on AppLovin from $460 to $569 while maintaining an Outperform rating. Separately, Needham maintained a $700 price target on the shares. These moves come amid multiple broker upgrades for the stock, with Jefferies recently adding AppLovin to its top pick list.
Analyst consensus, as polled by FactSet, remains positive with a mean price target of $659.90, reinforcing the optimistic outlook that is driving investor interest and the stock's upward movement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.