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Why AppLovin Stock Jumped Today

TheMotleyFool

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Why AppLovin Stock Jumped TodayPhoto, wide shot, wide-angle lens, Private equity firm, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/6a5872d8-cc25-46f8-b436-bf3db1953908.png

Shares of AppLovin (NASDAQ: APP), the mobile adtech company, rose sharply this morning after analyst Benjamin Black of Deutsche Bank initiated coverage of the company and put a buy rating on the stock. Black believes AppLovin's advertising technology outpaces competitors' systems.

AppLovin shares were up by 6% as of 12:26 p.m. ET.

Image source: Getty Images.

Source Fool.com

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