Why AppLovin Corp. (APP) Went Up On Friday?
From Yahoo Finance: 2025-03-28 22:30:00
Wall Street closed the week on a negative note due to global trade tensions. Nasdaq dropped 2.70%, S&P 500 1.97%, and Dow Jones 1.69%. Despite this, 10 stocks performed well, with 3 hitting all-time highs. AppLovin Corp. (APP) saw a 4.08% increase to $272.38, with a maintained Buy rating and $525 price target from Benchmark analysts.
APP CEO Adam Foroughi addressed short sellers’ concerns and hired Alex Spiro for an independent review. Foroughi emphasized focusing on business fundamentals over market noise. APP ranks 5th in firms ending Friday strong, offering investment potential. However, other AI stocks may provide higher returns in a shorter timeframe.
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