Wedbush maintained an "Outperform" rating for Applovin. The firm set a $640 price target. Analysts cited the AXON 2.0 AI platform and e-commerce self-service expansion.
Benchmark reiterated a "Buy" rating. The firm set a $775 price target. Analysts noted progress in the company's e-commerce platform rollout.
Both firms expect Applovin's infrastructure to drive growth and cash generation. The company is expanding from mobile gaming into an AI-driven advertising ecosystem.
Applovin shares fell approximately 3% in pre-market trading on Friday. Seeking Alpha reported the decline.