Why AppLovin Stock Crept Almost 2% Higher Today
Next-generation adtech company AppLovin (NASDAQ: APP) saw its shares land in positive territory on Thursday, thanks in no small part to a price target raise from a prominent bank. The specialty tech company's shares saw a nearly 2% lift as a result, on a day when the S&P 500 index sank by 0.4%.
That bank was Wells Fargo, and the analyst doing the raising was Alec Brondolo. The pundit cranked his AppLovin price target to $491 per share; previously he had flagged it as being worth $480. In making his move, he left his overweight (i.e., buy) recommendation unchanged.
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Source Fool.com
