Piper Sandler keeps an Overweight rating on AppLovin (APP) after speaking with an advertising monetization expert about the company and the mobile gaming landscape given the recent competitive headlines. Despite recent headlines, the expert noted AppLovin’s leading market position is intact, the analyst tells investors in a research note. Regarding CloudX, Piper says the expert sees difficulties to adoption and that there is general industry skepticism regarding the practical use of AI in its products.
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