Strengthening Axon Fundamentals and Expanding eCommerce Adoption Underpin Buy Rating on AppLovin
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Citi analyst Jason Bazinet has reaffirmed a Buy rating on AppLovin (APP) stock, citing strengthening fundamentals in its Axon business. He highlights the growing number of eCommerce clients, particularly among Shopify merchants, and a balanced geographic uptake indicating international momentum. Bazinet notes that higher-profile merchants are increasingly using Axon, enhancing its credibility. Alongside an attractive share price upside, these trends support his Buy rating. BTIG also maintains a Buy rating with a $771.00 price target.
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