An earnings report disappoints investors! AppLovin (APP.US) plunges 20% to a one-year low after results, with Wall Street collectively slashing price targets.
智通财经2026/08/07 04:06Show original
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According to Zhitong Finance APP, mobile advertising and application technology company AppLovin (APP.US) plunged about 20% on Thursday, hitting its lowest level since July 2025. The decline was due to its rarely disappointing second-quarter revenue, which fell short of market expectations. As a result, multiple analysts downgraded the stock's rating and lowered its target price.
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