Applovin is trading 4.09% up now at $316.19 as investors favor growth stocks after July PPI showed no monthly increase and July CPI remained at 3.4%, supporting expectations for steady Federal Reserve rates.
- The broader market is also higher, with the Nasdaq up 0.99%.
- Company sentiment remains pressured by the recent Q2 revenue miss and reduced analyst price targets, including BTIG’s cut to $408.