AppLovin tumbles 15% after Culper Research discloses short position
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BofA Securities Reiterates Buy Rating on AppLovin Corp (APP), PT $580, 'Dislocation offers entry; discount to peers unwarranted'
February 27, 2025 9:09 AM ESTBofA Securities analyst Omar Dessouky reiterated a Buy rating and $580.00 price target on AppLovin Corp (NASDAQ: APP)
The analyst comments "Our $580 PO is based on 35x EV/CY26E EBITDA. APP shares fell to $331 on 26 Feb from over $500 a week... More
