AppLovin Corporation (NASDAQ:APP) is one of the High-Flying Stocks to Buy Right Now. On January 20, Citi analyst Jason Bazinet maintained a “Buy” rating on the company’s stock, setting a price objective of $820.00. The analyst’s rating comes off the back of AppLovin Corporation (NASDAQ:APP)’s Axon-driven e-Commerce momentum, as well as improvement in customer quality.
The analyst further noted a significant increase in the number of e-Commerce clients utilizing Axon over a short period, and growth in Axon’s penetration among Shopify merchants. The significant share of Axon’s Shopify clients is U.S.-based, highlighted the analyst. This metric is being viewed positively by the analyst, considering the depth and monetization potential.
In a separate release, on January 14, Evercore ISI analyst Robert Coolbrith initiated coverage on AppLovin Corporation’s stock at an “Outperform” rating and a price objective of $835. As per the analyst, the company is a dominant mobile gaming ad‑tech platform, which possesses an emerging e-commerce performance channel. Both mobile gaming and e-commerce ad spend can sustain over 30% revenue and EBITDA CAGR between 2025 and 2028, added Coolbrith.
AppLovin Corporation builds a software-based platform for advertisers to enhance the marketing and monetization of content.
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This article is originally published at Insider Monkey.
