Wells Fargo raised its target for AppLovin shares but kept its Equal-Weight rating. Its new target remains 2.6% below the November 5 close, so the report gives mixed signals and does not change the company outlook.
An analyst's target is an estimate, not a change to AppLovin's sales or profit. The higher estimate points upward, but the unchanged rating and target below the recent closing price temper that signal. The report gives no new company results.
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