Wedbush Lifts AppLovin Target to $600 as Tokenized APP Shows Overbought Readings

Wedbush raised its AppLovin target to $600, the highest among a series of analyst revisions, while technical indicators for a separate tokenized APP instrument pointed to overbought conditions. Seven firms raised targets for AppLovin’s Nasdaq-listed shares in updates dated Nov. 5 and Nov. 6. On Nov. 6, Wells Fargo lifted its target to $347 from $325, Morgan Stanley moved to $450 from $400, and RBC Capital Markets raised its target to $520 from $500.

Source: TokenPost