APP Maintained by Morgan Stanley -- Price Target Lowered to $400

gurufocus.com · 2026-10-13

On October 3, 2023, AppLovin Corp (APP) received a rating update from Morgan Stanley, with analyst Matthew Cost maintaining an "Overweight" rating while lowerin

TickrTrends take: Morgan Stanley's maintenance of coverage on APP while lowering the price target to $400 suggests analyst caution despite continued conviction in the company, which could be relevant given TickrTrends' current undervalued assessment. For valuation-focused readers, the disconnect between an undervalued rating and a lowered price target warrants monitoring of the specific factors driving Morgan Stanley's adjustment, particularly within the Communication Services sector where APP operates. The revision may reflect changed assumptions about growth, profitability, or market conditions that could either validate or challenge the current undervalued positioning as new data emerges.

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