Deutsche Bank Bullish on AppLovin’s Expansion into E-commerce Advertising Market
Analysts suggest AppLovin could extend its dominance in mobile advertising while expanding into e-commerce markets. The company reportedly holds 80% supply-side market share and shows strong revenue growth. Deutsche Bank’s analysis points to significant expansion opportunities beyond gaming.
Deutsche Bank Initiates Coverage with Optimistic Outlook
Deutsche Bank has begun coverage of AppLovin Corporation with a buy rating, according to recent analyst reports. Sources indicate analyst Benjamin Black set a price target of $705, suggesting approximately 28% potential upside for the mobile advertising company’s stock. The positive assessment comes as AppLovin shares have reportedly surged 71% year-to-date, with additional premarket gains observed Wednesday.
