Analysts

AppLovin

Analysts Piper Sandler downgraded AppLovin (APP) to Neutral and lowered target price to $385, indicating 7.9% downside

Piper Sandler has downgraded AppLovin's stock from overweight to neutral, significantly reducing its price target, following a mixed second-quarter report and disappointing profit guidance for the third quarter. This downgrade reflects concerns about the company's ability to meet future expectations despite its previous strong performance.