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Stock impact report

What BofA and Macquarie Think About AppLovin's (APP) Ecommerce Push [Yahoo! Finance]

Applovin Corporation - Class A (APP) 
Company Research Source: Yahoo! Finance
rating with a price target of $705 on AppLovin Corporation (NASDAQ:APP). The research firm sees AppLovin Corporation (NASDAQ:APP) as a “show me story” as investors wait for signs of inflection in ecommerce. Recent data from Northbeam has not shown meaningful Axon wallet-share gains since January, which appears to be holding back investor confidence. What BofA and Macquarie Think About AppLovin's (APP) Ecommerce Push BofA Securities pointed to the May results as the next important catalyst for the stock if the results can show that advertisers from the October cohort are increasing their spending on a per-advertiser basis. This could strengthen confidence in AppLovin Corporation's (NASDAQ:APP) e-commerce strategy ahead of the general rollout of its self-serve platform. Earlier, on April 9, Macquarie initiated coverage of AppLovin Corporation (NASDAQ:APP), assigning the stock an Outperform rating and setting the price target at $710. Macquarie analyst Aaron Lee said that the com Show less Read more
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