AppLovin Price Target Raised As Remains Bullish On Stock (APP)
AppLovin’s stock (NASDAQ: APP) been given a shot of market confidence today, evidenced by a significant price target increase from BofA Securities and echoed by other financial institutions. The upward revisions reflect optimism regarding the company’s strategic direction and financial performance, particularly in the burgeoning e-commerce advertising sector.
The stock is currently flat on the day, yet has shown a remarkable 109% year-to-date gain, and 12 month return of 450%, positioning it among the top-performing large-cap stocks in the U.S. This impressive performance underscores the growing investor confidence in AppLovin’s growth trajectory.
BofA Securities elevated its price target for AppLovin to $860 from $580, reiterating a…
