$AppLovin Corporation(APP)$ Mo

$AppLovin Corporation(APP)$ Morgan Stanley upgraded APP to Overweight-$350 was Equalweight-$470, said "In recent quarters, APP has consistently gained share in gaming ads and has built scale in non-gaming advertising far faster than we had previously expected.

That said, we believe APP is among the most resilient names in our ad coverage, given its high exposure to direct response budgets and innovation-driven outperformance vs. its end market.

With this in mind, APP's execution, fundamentals, and strong level of valuation support on GAAP PE (rare in SMID Internet) give us confidence the stock will outperform moving forward."

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