Citi reports that Store Leads data through February 6 suggests AppLovin (APP) has 6,397 e-commerce clients, a roughly 3% increase from the 6,227 clients reported on January 30. Around 77% of Axon firms also use Shopify (SHOP) and Axon adoption among Shopify customers grew about 24% over the last month and 5% over the last week, added the analyst, who has a Buy rating and $820 price target on AppLovin shares. AppLovin shares are up $46.83, or nearly 12%, to $453.55 in morning trading.
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