Stifel Starts AppLovin Corp (APP) at Hold

Stifel analyst Scott Devitt initiates coverage on AppLovin Corp (NASDAQ: APP) with a Hold rating and a price target of $64.00.

The analyst comments "AppLovin is well positioned to benefit from several global market trends, including (1) substantial mobile app creation leading to new app developers and studios, (2) a growing mobile gaming segment, and (3) the growing demand for advertising technology. AppLovin possesses several positive attributes for an advertising technology and game publishing company; a large addressable market, a global opportunity, market-leading software technologies, and a proven founder-led management team"

For an analyst ratings summary and ratings history on AppLovin Corp click here. For more ratings news on AppLovin Corp click here.

Shares of AppLovin Corp closed at $57.26 yesterday.

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