Wall Street Splits on AppLovin, Targets Shift

Analysts delivered a mixed batch of calls on Monday. The session's sharpest move came at APP, where consensus slipped to a downgrade. The ad-tech giant carries a $105 billion market cap. Its average analyst target price fell to $559 from $569.

JBL ran the other direction. Jabil received a consensus upgrade. The electronics manufacturer's target held steady at $441. Its $35 billion market cap suggests analysts see room in the stock despite a quiet price move.

TGT's picture was more striking. Oppenheimer's Rupesh Parikh lifted the Target Corp target to $170 from $140. That is a $30 jump. Parikh kept a Buy rating in place. The retailer sits at a $68 billion market cap with short interest below 5% of free float.

JP Morgan's Bryan Smilek issued a fresh Buy on TTWO with a $310 target. Take-Two Interactive has 27 analysts already on Buy. The gaming company has major releases in its pipeline.

EBAY saw its average target nudge to $115.46 from $114.96. Analyst consensus remained unchanged. The move was modest but directionally positive for the e-commerce name.