AppLovin Stock Just Got a New Buy Rating. Its Shares Are Tanking.
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Why it matters
AppLovin received a new buy rating from Evercore ISI with a $835 price target, forecasting a 25% increase in stock value, despite its shares currently tanking.
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Expected market reaction
Market impact analysis based on bullish sentiment with 90% confidence.
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Evidence
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- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 32653
Original source
Buzzy, high-growth stocks like AppLovin often get a boost when sell-side analysts counsel investors to buy. Evercore ISI initiated coverage of AppLovin stock with an Outperform rating and an $835 price target on Wednesday, forecasting a 25% jump from Tuesday’s closing price of $668.63. The company has momentum across its gaming and e-commerce ad businesses, and investors should expect a big quarterly earnings print next month, Evercore argued.
Read the full article on Yahoo Finance
Original article published by Yahoo Finance on January 14, 2026. Analysis and insights provided by AnalystMarkets AI.