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Why AppLovin Stock Jumped Today

TheMotleyFool

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Why AppLovin Stock Jumped Today: https://g.foolcdn.com/editorial/images/839689/gettyimages-1397371655-1200x800-5b2df79.jpg

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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