AppLovin's Wild Ride: Analysts Boost Stock

AppLovin's stock jumped after Goldman Sachs and Wells Fargo boosted their price targets, fueled by strong mobile ad revenue forecasts and an Outperform rating from RBC Capital Markets citing its tech platform and expansion into e-commerce. While the stock cooled slightly to close up 2.7%, AppLovin's year-to-date performance is up over 77%, highlighting its potential in the tech and AI boom despite its historical volatility.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.