AppLovin Stock Just Got a New Buy Rating. Its Shares Are Tanking.

Core Viewpoint - Evercore has initiated coverage of AppLovin stock, assigning an Outperform rating and setting a price target of $835 [1] Group 1 - The initiation of coverage indicates a positive outlook on AppLovin's future performance in the market [1] - The assigned price target of $835 suggests significant upside potential for investors [1]