Piper Sandler lowered the firm’s price target on AppLovin (APP) to $650 from $800 on higher estimates and lower multiple, while keeping an Overweight rating on the shares. The firm notes the company delivered a clean “beat & raise” despite narrative volatility and a more discerning market environment.
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Read More on APP:
- AppLovin price target lowered to $640 from $771 at BTIG
- AppLovin price target raised to $740 from $686 at UBS
- AppLovin price target lowered to $720 from $800 at Morgan Stanley
- AppLovin price target lowered to $500 from $650 at JPMorgan
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