Stifel Starts AppLovin Corp (APP) at Hold

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A 'Proven Success Story': Street Starts Coverage of AppLovin (APP) with Bullish View

May 10, 2021 8:51 AM EDT

Wall Street is in consensus regarding AppLovin (NASDAQ: APP) as analysts from 8 firms have started coverage on the stock, all with a "Buy" or equivalent rating.

AppLovin made its public debut in April when its shares opened below their initial public offering price of $80, and have trended lower since. Previously, the IPO investors valued the company at more than $28 billion.

JPMorgan, UBS, Credit Suisse, and some other research firms are bullish on APP, given the companys proven track record and projected strong growth rate.

Morgan Stanley analyst Brian Nowak started... More

William Blair Starts AppLovin Corp (APP) at Outperform

May 10, 2021 7:20 AM EDT

William Blair analyst Ralph Schackart initiates coverage on AppLovin Corp (NASDAQ: APP) with an Outperform rating.

The analyst commented, "AppLovin maintains over 200 free-to-play mobile games, developed and run by 12 studios, each with a deep talent pool of developers. The companys apps... More

Oppenheimer Starts AppLovin Corp (APP) at Outperform

May 10, 2021 6:40 AM EDT

Oppenheimer analyst Martin Yang initiates coverage on AppLovin Corp (NASDAQ: APP) with a Outperform rating and a price target of $70.00.

The analyst commented, "We are initiating coverage on AppLovin with an Outperform rating and $70 price target. We believe AppLovin is a proven... More

Credit Suisse Starts AppLovin Corp (APP) at Outperform

May 10, 2021 6:28 AM EDT

Credit Suisse analyst Stephen Ju initiates coverage on AppLovin Corp (NASDAQ: APP) with a Outperform rating and a price target of $95.00.


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.

... More

BofA Securities Starts AppLovin Corp (APP) at Buy

May 10, 2021 6:18 AM EDT

BofA Securities initiates coverage on AppLovin Corp (NASDAQ: APP) with a Buy rating.


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.

... More

Truist Securities Starts AppLovin Corp (APP) at Buy

May 10, 2021 6:08 AM EDT

Truist Securities analyst Youssef Squali initiates coverage on AppLovin Corp (NASDAQ: APP) with a Buy rating and a price target of $76.00.


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.

... More

UBS Starts AppLovin Corp (APP) at Buy

May 10, 2021 4:47 AM EDT

UBS analyst John Hodulik initiates coverage on AppLovin Corp (NASDAQ: APP) with a Buy rating and a price target of $75.00.


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.

... More

JPMorgan Starts AppLovin Corp (APP) at Overweight

May 10, 2021 4:31 AM EDT

JPMorgan analyst Alexia Quadrani initiates coverage on AppLovin Corp (NASDAQ: APP) with a Overweight rating and a price target of $80.00.


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.

... More

UPDATE: Morgan Stanley Starts AppLovin Corp (APP) at Overweight

May 10, 2021 2:14 AM EDT

(Updated - May 10, 2021 4:51 AM EDT)

Morgan Stanley analyst Brian Nowak initiates coverage on AppLovin Corp (NASDAQ: APP) with a Overweight rating and a price target of $75.00.

The analyst comments "We are bullish on APP's unique vertically integrated ad network and app... More