Evercore ISI analyst Robert Coolbrith initiated coverage of AppLovin (APP) with an Outperform rating and $835 price target AppLovin is the “dominant” ad tech platform for mobile gaming with an emerging e-commerce performance channel, says the analyst, who expects combined mobile gaming and e-commerce ad spend to sustain 30%-plus revenue and EBITDA compound annual growth rates from 2025 to 2028.
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