AppLovin (APP) is trading at $402.70 (+4.23%) on Monday after a positive analyst action boosted investor sentiment.
- Wells Fargo raised its price target on AppLovin to $560 from $543, maintaining an Overweight rating on the shares.
- The firm's analyst noted that industry checks are improving and that they see a positive setup for the company heading into its first-quarter earnings report.
- The move comes amid generally positive broader market sentiment, with futures climbing as investors monitor geopolitical developments.