Aug. 6 at 10:22 PM
$APPS
Bank Of America upgraded APPs
From Seeking Alpha today:
“Despite the market reaction, the analysts at Bank of America were impressed with the results and upgraded the stock to Neutral from Underperform.
"Digital Turbine delivered its second quarter of growth in a row since 2Q23, printing +11% Y/Y topline growth, well above BofA (+5% Y/Y)," said BofA analysts Omar Dessouky and Arthur Chu. "ODS grew a notable +18% Y/Y growth, the highest quarterly growth in 3 years; mgmt cited improvements in both RPD (up 30%+ Y/Y) and device volumes, including US devices which had been a persistent headwind over the last 3 years. APPS is investing in technology to better utilize 1P data and Al/ML in user targeting, raising advertiser demand particularly for premium placements, resulting in improved pricing and fill rates in 1FQ."
