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AppLovin (APP) Stock Drops 5% After Wells Fargo Pixel Warning
TLDR AppLovin stock fell about 5% after Wells Fargo questioned the quality of its Pixel adoption growth. Wells Fargo kept an Equal Weight rating with a $325 price target; shares trade near $306, close to a 52-week low. The bank found most new Pixel installs came from low-traffic APAC Shopify sites,...
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1 Articles
AppLovin (APP) Stock Drops 5% After Wells Fargo Pixel Warning
TLDR AppLovin stock fell about 5% after Wells Fargo questioned the quality of its Pixel adoption growth. Wells Fargo kept an Equal Weight rating with a $325 price target; shares trade near $306, close to a 52-week low. The bank found most new Pixel installs came from low-traffic APAC Shopify sites,...
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