AppLovin stock jumps 5% as Wells Fargo lifts target to $735
AppLovin shares closed up 5% at $647.72 Friday, trading between $612.65 and $649.51 before steadying after hours. Wells Fargo raised its price target to $735, citing strong mobile game revenue but mixed web ad trends. The SEC continues to probe the company’s data practices. The next earnings call is set for Feb. 11.