KeyBanc analyst Tyler Parker initiated coverage on Applovin Corp (NASDAQ:APP), ironSource Ltd (NYSE:IS), and Unity Software Inc (NYSE:U) with a focus on enabling the business and development of mobile apps.
APP (Overweight; Price Target: $55) enables developers to grow and monetize mobile apps. As the most scaled solution, with increasing capabilities, he saw the opportunity for APP to sustain healthy growth and expand margins at a depressed multiple.
