3 days ago
AppLovin (APP): New Buy Recommendation for This Technology Giant
In a report released today, James Heaney CFA from Jefferies reiterated a Buy rating on AppLovin (APP – Research Report), with a price target of $530.00.
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Heaney CFA covers the Communication Services sector, focusing on stocks such as Netflix, Walt Disney, and Snap. According to TipRanks, Heaney CFA has an average return of 21.5% and a 43.62% success rate on recommended stocks.
In addition to Jefferies, AppLovin also received a Buy from BTIG's Clark Lampen in a report issued on May 30. However, on May 28, Needham maintained a Hold rating on AppLovin (NASDAQ: APP).
The company has a one-year high of $525.15 and a one-year low of $60.67. Currently, AppLovin has an average volume of 8.85M.
Based on the recent corporate insider activity of 106 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. Last month, Arash Adam Foroughi, the CEO & Chairperson of APP sold 133,700.00 shares for a total of $49,070,352.34.
