Morgan Stanley Maintains Equal-Weight Rating for AppLovin: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of AppLovin APP and raise its price target from $16.00 to $17.50.

Shares of AppLovin are trading up 26.53% over the last 24 hours, at $22.54 per share.

A move to $17.50 would account for a 22.34% decrease from the current share price.

About AppLovin

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 application.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.