AppLovin stock slides again even after Evercore calls it ‘dominant’ — what traders are watching next
AppLovin shares fell 1.8% to $606.99 Thursday, extending losses after a 7.6% drop Wednesday, despite Evercore ISI initiating coverage with an Outperform rating and $835 target. The stock lagged a broader market rally led by chipmakers. AppLovin, up 104% in 2025, faces volatility and an SEC probe into data practices. Earnings are due Feb. 11.