"Ahead of the release, Top Deutsche Bank analyst Benjamin Black began coverage with a Buy rating and a $705 price target, implying nearly 28% upside from current levels. The 5-star analyst, ranked 422 out of over 10,000 analysts tracked by TipRanks, called AppLovin the "dominant player" in mobile game advertising. He said the company has built "best-in-class" ad technology that improves as it scales, making it hard for competitors to match."
"Black said AppLovin stands out as one of the cheapest digital ad stocks based on its growth outlook. He highlighted the company's AI-powered Axon model, which performs well across different industries and is now expanding beyond gaming into e-commerce ads-a market several times larger than mobile gaming. According to Deutsche Bank, even a 5%-10% share of new e-commerce ad spending could help AppLovin beat 2027 sales estimates."
AppLovin will report third-quarter results on Wednesday, November 5 after the market closes. Deutsche Bank analyst Benjamin Black initiated coverage with a Buy rating and a $705 price target, implying nearly 28% upside. Black described AppLovin as a dominant player in mobile game advertising with best-in-class ad technology that improves as it scales. The company's AI-powered Axon model is expanding into e-commerce ads, a market much larger than mobile gaming, and a 5%-10% share of new e-commerce spending could boost 2027 sales. AppLovin grew revenue at a 68% annual rate over three years with minimal extra costs. Wall Street consensus is Strong Buy with an average target of $676.50, implying about 20% upside.
Read at TipRanks Financial
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