AppLovin stock drops despite new Evercore “Outperform” call as tech slides
New York, January 14, 2026, 15:51 EST — Regular session AppLovin shares dropped 7.3% to $619.79 in afternoon trading Wednesday, despite Evercore ISI kicking off coverage with an Outperform rating and a $835 price target. The day before, Morgan Stanley lifted its price target to $800 and maintained an Overweight rating, according to GuruFocus. (GuruFocus) The move came as U.S.…