AppLovin stock drops after Evercore’s new “Outperform” call — what to watch before Thursday
New York, January 14, 2026, 16:29 EST — After-hours Shares of AppLovin Corp plunged on Wednesday, slipping as low as $596.93 during the session before settling down 7.6% at $617.65 in after-hours trading. The stock had ended Tuesday at $668.63. The decline occurred despite Evercore ISI kicking off coverage with an Outperform rating. Analyst Robert Coolbrith labeled AppLovin the “dominant ad tech platform for mobile gaming,” and highlighted its emerging e-commerce segment as a fresh growth driver. (Investors.com) Why it matters now: AppLovin is riding high as a momentum play in ad-tech, but Wednesday’s sell-off revealed just how fast traders