Jefferies Flags AppLovin Sell-Off as Buying Opportunity, Keeps Buy Rating and $860 Target
Jefferies is maintaining a Buy rating and $860 price target on AppLovin (APP) after a steep year-to-date decline, arguing the pullback overstates near-term risks and creates an attractive entry given the companys growth trajectory and expected upside into Q4 results. Analysts led by James Heaney point to limited fundamental damage from recent marke…