AppLovin Corp.

(NASDAQ:APP) shares are falling Tuesday after BofA Securities downgraded the stock from Buy to Neutral and cut its price target to $400 from $430.

AppLovin shares are approaching critical lows.

Why is APP stock at lows?

AppLovin Stock Drops On BofA Downgrade AppLovin shares dropped after BofA analyst Omar Dessouky downgraded the stock, citing increased risk to the company's long-term growth targets.