APP · AppLovin Corp.
AI read · Good for APP
The AI's read
JPMorgan started coverage on AppLovin with a Neutral. They praised the financials but raised doubts about the sustainability of gaming growth. The bank set a $400 December 2027 target, implying roughly 28% upside from recent levels. The shares sit near a 52-week low and RSI 28.7, and the stock actually rose about 2.6% after the note. We lean bullish because the upside skew and the new consumer-ad angle look underappreciated versus the downside. We'd size cautiously since Unity and Meta are clear competitive threats to gaming ad share.