Piper Sandler Adjusts AppLovin Price Target
Piper Sandler raised its price target for AppLovin Corporation from $325 to $355 while maintaining a 'Neutral' rating.
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AppLovin beat Q3 estimates and issued above-consensus Q4 guidance, sending shares up 16.5%; BTIG raised its target to $450.
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Piper Sandler raised its price target for AppLovin Corporation from $325 to $355 while maintaining a 'Neutral' rating.
AppLovin shares surged after strong Q3 results; analysts raised targets, citing hybrid AI model rollout, 50%+ growth and upside potential.
The Dow jumped 1,569 points on Wednesday as the midterm result reset expectations for Washington. Oil fell more than 8%, giving consumer businesses a different backdrop while punishing energy shares. Democrats won
U.S. stocks tumbled: Nasdaq -4.5%, S&P 500 -3.3%, Dow -2.5%. Cardinal Health rose on strong results; AppLovin surged 32%, while Veracyte fell 55%.