Jul. 31 at 4:19 AM
$APP Yesterday, July 30, Bank of America reiterated a “Strong Buy” rating on AppLovin with a
$705 price target. This is huge because this is the same analyst who precipitated the recent declines by saying he had concerns about weak growth. So, here he is, with a Strong Buy and maintaining a price target that is 75% higher than the current price. So what the hell was he even talking about? That selloff down to
$400 should never have happened. This is surely due for a rebound.