Overview
- Investor's Business Daily reports top funds bought an estimated $700 million of AppLovin shares in recent months, keeping the stock on its new-buys screen for six straight months.
- Deutsche Bank initiated coverage with a Buy rating and a $705 price target, citing Axon’s performance and dominant share in mobile-games user-acquisition ads—about 80% on the supply side and over 55% on the demand side.
- Goldman Sachs lifted its price target to $630 while maintaining a Neutral rating, pointing to sustained ad revenue growth from the core mobile gaming business over the next three years.
- The company guided Q3 revenue to $1.320–$1.340 billion and adjusted EBITDA to $1.070–$1.090 billion, implying an approximately 81% adjusted EBITDA margin, with results due November 5.
- Analysts highlight traction extending beyond gaming as AppLovin rolls its Axon model into eCommerce, a market seen as multiple times larger than in-app game advertising.