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ZacksIs It Worth Investing in AppLovin (APP) Based on Wall Street's Bullish Views?
According to the average brokerage recommendation (ABR), one should invest in AppLovin (APP). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
- Investing.com
AppLovin shares down after Goldman Sachs downgrades to 'neutral' from 'buy'
Shares of AppLovin Corp (NASDAQ:APP) fell by 3.3% in pre-open trading on Monday following a downgrade from Goldman Sachs, which revised its rating to "neutral" from "buy." Since being added to Goldman’s Buy list in April 2022, AppLovin's shares have surged an impressive 192%, outpacing the broader S&P 500, which gained 30% during the same period. With the stock price now at $143, reflecting a 113% gain since the company’s last earnings report, Goldman believes the valuation has reached a more balanced level.
Yahoo FinanceThis week in Bidenomics: The 'election trade' is on
Traders think they can profit from bets based on a Kamala Harris or Donald Trump presidential victory. Don't try this at home.
