Overview
- Goldman Sachs lifted its price target to $630 from $445 on October 14 while keeping a Neutral rating.
- Deutsche Bank cites dominant share in mobile games user-acquisition ads, estimating about 80% on the supply side and over 55% on the demand side.
- Analysts highlight the Axon model's scale-driven flywheel and performance across the open web as key competitive advantages.
- Deutsche Bank says AppLovin is moving into e-commerce advertising and could eventually address larger verticals such as financial services, media and entertainment, and healthcare.
- S&P Global Ratings expects S&P-adjusted net leverage to remain under 1x over the next 24 months.