AppLovin stock whipsaws again as UBS trims target, short seller retreats, and earnings land
AppLovin forecast first-quarter revenue of $1.745 billion to $1.775 billion after fourth-quarter revenue rose 66% to $1.658 billion. Shares fell about 6% after UBS cut its price target. CapitalWatch retracted parts of its earlier allegations against a shareholder. Jefferies reiterated a buy rating and $860 target, calling the stock drop a buying opportunity.