AppLovin stock dives 10% in New York trade even as Evercore, Morgan Stanley flag upside
New York, January 14, 2026, 11:14 EST — Regular session underway. AppLovin Corp shares dropped over 10% Wednesday, hitting a new intraday low despite opening higher than Tuesday’s close. The stock slipped 10.1% to $601.05, down from $668.63 at the previous session’s end. This matters since AppLovin’s shares have turned into a volatile gauge of risk appetite in ad-tech and software, even though earnings are still weeks off. On a tape like this, minor changes in valuation chatter can trigger sharp price swings. Analysts remain upbeat. On Wednesday, Evercore ISI initiated coverage with an Outperform rating and set a price