AppLovin stock rises as Needham turns bullish on e-commerce ads — what investors watch next
AppLovin shares rose about 2.3% to $548 Tuesday morning after Needham upgraded the stock to “buy” with a $700 target. Traders are watching if the company’s e-commerce ad push can drive further gains ahead of its Feb. 11 earnings report. Short interest stands at 6.3% of float. The stock remains down 18% for the year.