Analyst Upgrades Propel Apploven Amid Gaming Momentum

27 days ago

Multiple Speakers

"I had to talk about Apploven because this one at its highs today up about 11% finishing the day with a gain of about 6 and 1/3 percentage point. Analysts have been weighing in on this one in a big way, raising their price targets, creating new street highs, one after another. On Friday, Piper Sandler raised its price target to 740 from 500. On Friday, also, UBS raising its targets to street high view of 810 from 540, and today, Morgan Stanley raised the target on it to 750 from 480, maintaining its overweight rating."

Apploven, a mobile app marketing company, experienced strong gains with an 11% intraday high and a 6.3% daily increase. Several top-tier analysts have significantly raised their price targets citing momentum in gaming, exceptional profit margins, and robust growth, with the stock more than doubling this year.