BofA raised the firm’s price target on AppLovin (APP) to $375 from $252 and keeps a Buy rating on the shares. The firm says its increased target reflects “numerous bullish events” since the company reported Q3 results on November 6, including the fact that investor participation has broadened; the stock joined the Nasdaq 100 index on November 18; the company announced a transition to an all-unsecured debt capital structure on November 19; and S&P upgraded AppLovin to investment grade on November 7.
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Read More on APP:
- AppLovin price target raised to $480 from $260 at Oppenheimer
- Target downgraded, Chewy upgraded: Wall Street’s top analyst calls
- AppLovin price target raised to $360 from $250 at Wells Fargo
- AppLovin initiated with an Overweight at Piper Sandler
- AppLovin Transitions to Unsecured Debt Structure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
