AppLovin: Expanding High-Quality Axon Adoption and International eCommerce Traction Support Buy Rating
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Analyst Jason Bazinet of Citi maintained a Buy rating on AppLovin with a price target of $820.00. He cites the growing adoption of AppLovin's Axon platform among eCommerce clients, particularly Shopify-based stores, and increasing international uptake. Bazinet highlights the potential for further adoption and the shift towards higher-traffic eCommerce retailers. These factors, along with projected double-digit share price upside, support his positive view. BTIG also maintained a Buy rating with a $771.00 price target.
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