Citigroup cuts AppLovin price target to $500 from $600
Citigroup lowered its AppLovin price target to $500 per share from $600, according to Dow Jones Newswires citing Benzinga data.
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what happened
Citigroup reduced its price target on AppLovin shares to $500 per share from $600. Dow Jones Newswires reported the change in analyst ratings, citing Benzinga as its source.
The report does not include the bank's reasoning or any further details behind the decision.
why it matters
A cut in the target by one major bank usually reflects a revised view of a single company. For the market this is a narrow event that mainly affects AppLovin's stock price.
market impact
AppLovin: a single bank's target cut may add pressure on the company's shares.
tags
instruments
sources
- AppLovin Price Target Cut to $500.00/Share From $600.00 by Citigroup — Dow Jones Newswires, 19 October 2026 at 21:03 UTC
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