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Why Applovin Rallied Today

TheMotleyFool

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Why Applovin Rallied Today: https://g.foolcdn.com/editorial/images/871933/gettyimages-1348326274-1.jpg

Shares of AppLovin (NASDAQ: APP) rallied 10.4% on the day.

AppLovin didn't report any financial news today, as its first-quarter earnings report came on May 11. However, one Wall Street analyst gave the stock a thumbs-up on Wednesday, noting that AppLovin's growth potential may still be underestimated.

In an analyst note today, Morgan Stanley analyst Matthew Cost kept an Overweight rating and a $720 price target on the stock. That compares with a $514 stock price at the start of the day.

Source Fool.com

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