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Piper Sandler Maintains Applovin(APP.US) With Buy Rating, Maintains Target Price $575
Despite the pressure from weak retail, U.S. stock indices rebounded over two days, but Tesla and NVIDIA declined. Quantum computing stocks continued to rise sharply, and Chinese concept stocks strengthened, with Baidu up 9%.
Tesla closed down nearly 5%, NVIDIA fell nearly 2%; Intel rose nearly 7%; quantum computing stock ARQQ rose 57%; the China Concept Index rose 4%, and Alibaba increased by over 4%. After U.S. retail sales, the two-year U.S. Treasury yield reached a two-week high. The USD briefly approached a five-month low. Crude Oil Product rebounded over two days. Gold futures reached a historic high over three days, having briefly turned to decline during the session.
Applovin Options Spot-On: On March 17th, 64,361 Contracts Were Traded, With 423.97K Open Interest
Shares of Companies in the Broader Technology Sector Are Trading Higher. The Sector May Be Rising Amid an Overall Rebound After Investor Uncertainty and Several Risk Factors Led to Markets Entering Correction Territory Last Week.
Needham Maintains Applovin(APP.US) With Hold Rating
AppLovin Taps Into Retail Ad Market, But Growth Hinges On Big-Brand Adoption: Analyst
