Oppenheimer lowers AppLovin price target to $490
APP Applovin Corp
$262.19 -3.71%
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- 1Oppenheimer lowered its price target for AppLovin from $560 to $490 on October 12.
- 2The firm maintained an outperform rating, citing 80% upside potential relative to the target price.
- 3AppLovin recorded $1.92 billion in Q2 revenue, but improvements in the gaming advertising model were less than usual.
So what's the key point?
Oppenheimer has lowered its target price for AppLovin to $490. While improvements in the advertising model were less than expected, the firm still expects high returns.
Source TIKR · View original ↗
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