Analysts lowering their price targets put more pressure on AppLovin and CMS Energy, while MicroVision’s new stock offering increased selling pressure.
- Piper Sandler cut AppLovin’s price target to $325 as it lowered its revenue and second-half 2026 profit expectations.
- CMS Energy fell to a new 52-week low of $68.25 as utility stocks faced broader weakness.
- MicroVision hit a new low of $1.65 after its $17 million stock offering raised dilution concerns.
AppLovin (APP), CMS Energy (CMS) and MicroVision (MVIS) tumbled to fresh 52-week lows on Friday as investors reacted to weaker growth expectations, earnings misses and aggressive equity dilution.
MicroVision stock tumbled 5%, while CMS Energy and AppLovin stocks dropped 2% and nearly 1%, respectively.
AppLovin Faces Growth Reset
AppLovin stock hit an annual low of $298 on renewed questions about whether its recent expansion can continue at the same pace. Piper Sandler reduced its price target on APP to $325 from $385 while retaining a ‘Neutral’ rating. The firm adjusted its assumptions around the company’s E-commerce and Gaming businesses and lowered its revenue and second-half margin forecasts after discussions with management.
Piper Sandler still sees AppLovin as a strong company, and the recent drop in its stock could make it more attractive if growth concerns fade. Investors will be watching whether AppLovin can maintain its strong growth and momentum through the rest of 2026.
On Stocktwits, retail sentiment around the stock remained in ‘bullish’ territory.
Morgan Stanley Cuts CMS Energy Price Target
CMS Energy stock fell to a 52-week low of $68.25, pressured by both broader weakness across utilities and the company’s fiscal second-quarter earnings results late last month.
Morgan Stanley trimmed its price target to $79 from $80 while maintaining an ‘Equal Weight’ rating. Higher operating expenses contributed to the quarterly shortfall, although CMS Energy kept its full-year outlook intact and introduced 2027 expectations focused on continued growth in its regulated utility operations.
Retail sentiment around the stock remained in ‘bullish’ territory.
MicroVision Takes Dilution Hit
MicroVision stock fell to a record low of $1.65 as its public offering of 6.8 million units priced at $2.50 each raised concerns about substantial dilution and intensified an already severe selloff.
The company’s Q2 revenue increased to about $1.5 million, but operating expenses climbed to $24.9 million, and the net loss widened to $36.9 million. Microvision expects roughly $60 million in cash burn for 2026, compared with $27.2 million in cash.
The company also appointed Christine Chambers as CFO, effective August 27, as it works to manage its finances and advance commercialization of its MOVIA Air lidar product. Retail sentiment around the stock remained in ‘bearish’ territory.
So far this year, APP, CMS, and MVIS stocks have declined between 2% and 86%.
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