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Benzinga

Business

Dylan Berman

What's Going On With AppLovin Stock This Week?

AppLovin Scotiabank Nat Schindler

AppLovinKonskie,,Poland,-,November,15,,2024:,Applovin,Company,Logo,Displayed

AppLovin Corp (NASDAQ:APP) stock is up 6% this week after Scotiabank initiated coverage on the stock with a Sector Outperform rating and a price target of $430.

What To Know: Scotiabank analyst Nat Schindler pointed to three key reasons for the bullish rating. First, AppLovin’s AXON engine is being viewed as a "vast moat to cross for new entrants."

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