Why the Market Had No Love for AppLovin Stock Today

Shares of mobile app developer and monetization company AppLovin (NASDAQ: APP) fell hard on Thursday following the release of financial results for the second quarter of 2022. AppLovin shareholders are getting used to the roller-coaster ride. BTIG analyst Clark Lampen lowered his price target for AppLovin from $60 per share to $53 per share, according to The Fly.