UBS has upgraded AppLovin to a 'buy' rating due to strong growth potential in revenue from its ad tech, particularly in gaming.
The analysts noted that AppLovin's Axon 2.0 technology enhances ROAS, supporting an expected revenue growth of 20-30% from gaming alone.
AppLovin's impressive valuation at 13.7x projected FY25 EBITDA provides a compelling entry point for investors, with strong anticipated revenue growth.
Industry trends show advertisers shifting to AppLovin for gaming user acquisition, indicating its growing dominance over competitors like Google and Unity.
[
Collection
]
[
|
...
]