AppLovin's Valuation Reflects High Expectations For Monetization Expansion: Analyst
1. Needham analyst reiterated Hold rating on AppLovin Corp. APP. 2. Axon 2 showed a 3% growth in websites using the ad optimizer. 3. Seven websites churned, but two businesses shut down. 4. AppLovin projected Q2 revenue of $1.21 billion and EPS of $1.86. 5. Analyst noted AppLovin's valuation is now among the highest covered.