Overview
- Benchmark on January 6 reiterated a Buy rating with a $775 target and designated AppLovin its 2026 EDM Top Idea, citing a clear path to high‑margin expansion.
- RBC on January 5 reaffirmed Buy with a $750 target, while Citi on December 29 kept Buy with an $820 target, highlighting month‑over‑month gains in e‑commerce clients using AXON.
- Coverage emphasizes rising use of the self‑serve AXON Ads Manager, improved return on ad spend, and a growing push into web and e‑commerce advertising.
- Benchmark underscores AEBITDA margins in the low‑80% range and minimal incremental cost to scale across a platform reaching more than 1 billion daily active users.
- Jim Cramer on January 8 said he cannot name a competitor, while noting the stock trades near 43 times 2025 earnings with consensus pointing to about $9.37 EPS and forecasts of roughly 37% revenue and 56% earnings growth.