Reported 1 day ago
Morgan Stanley has reiterated its 'Overweight' rating for AppLovin Corporation (NASDAQ:APP) and raised the price target from $480 to $750 per share, highlighting the importance of its AXON Ads Manager as a key catalyst for growth in the non-gaming advertising sector. The firm believes that a successful launch of this self-serve tool could prove the company's ability to access billions in advertising revenue beyond the gaming industry.
Source: YAHOO