"AppLovIn (APP) stock has more room for growth following a big rally last year, analysts with Evercore ISI said in a client note initiating coverage of AppLovin stock with an outperform rating."
"Evercore ISI analyst Robert Coolbrith set a price target of 835 for AppLovin, which helps mobile app developers find new users and sell advertising in their apps."
Evercore ISI initiated coverage of AppLovin with an outperform rating and indicated the stock retains upside after a significant rally last year. Analyst Robert Coolbrith established a price target of 835. AppLovin provides tools and platforms that help mobile app developers acquire new users and monetize through in-app advertising. The company’s combined user-acquisition and advertising marketplace supports developer growth and ad sales. The new rating and price target reflect confidence in AppLovin’s potential for continued revenue and market expansion within mobile advertising and app marketing channels.
Read at Investor's Business Daily
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