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8.37696335078963E-05 -0.000125654450261785 0.0015916230366492 0.00157068062827225 0.00366492146596859 0.00523308900523564 0.00523308900523564 0.00523308900523564
Stock impact report

Citi Maintains Buy Rating on AppLovin (APP) Stock [Yahoo! Finance]

Applovin Corporation - Class A (APP) 
Company Research Source: Yahoo! Finance
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 (NASDAQ:APP)'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. Bo Show less Read more
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