Piper Sandler cautions against buying the dip in AppLovin stock
AppLovin (APP) shares opened lower on August 21st after Piper Sandler senior analyst James Callahan issued a cautious note on the company. Callahan maintained a Neutral rating and reduced his price target to $325, which offers little upside from the previous close, effectively cautioning against buying the dip.
Why it matters — A senior analyst at a prominent investment firm has turned cautious on AppLovin, signaling limited upside potential for the stock in the near term.