AppLovin (APP) Will Not Submit Revised Proposal to Combine With Unity Software (U), Withdraws Initial Proposal

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Go back to AppLovin (APP) Will Not Submit Revised Proposal to Combine With Unity Software (U), Withdraws Initial Proposal

AppLovin Corp (APP) PT Lowered to $45 at Oppenheimer, But Positive at Unity Software Bid Dropped

September 13, 2022 6:52 AM EDT

Oppenheimer analyst Martin Yang lowered the price target on AppLovin Corp (NASDAQ: APP) to $45.00 (from $65.00) while maintaining an Outperform rating after the company said it is withdrawing its proposal for Unity Software.

The analyst commented, "On 9/12, APP announced that it does... More