Wedbush Cuts AppLovin (APP) Asking Price to $465, Cites Valuation Reset and Industry Headwinds
AppLovin Corporation (NASDAQ:APPLICATION) is one of the New most profitable stocks to buy right now.. On February 5, Wedbush analyst Michael Pachter lowered the company’s price target on AppLovin from $800 to $465, while maintaining an Outperform rating. This valuation reset takes into account weaker industry sentiment, regulatory headwinds and recent competition data in the…