Benchmark Co. analyst Mark Zgutowicz maintained a Sell rating on AppLovin (APP – Research Report) today and set a price target of $38.00. The company’s shares closed yesterday at $46.87.
Zgutowicz covers the Communication Services sector, focusing on stocks such as Spotify Technology SA, Meta Platforms, and Criteo SA. According to TipRanks, Zgutowicz has an average return of 29.9% and a 60.20% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for AppLovin with a $57.63 average price target.
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The company has a one-year high of $48.77 and a one-year low of $11.69. Currently, AppLovin has an average volume of 2.97M.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APP in relation to earlier this year.
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AppLovin (APP) Company Description:
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company’s software solutions provide advanced tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their apps.
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