Deutsche Bank believes that AppLovin could extend its reign of dominance going forward. Analyst Benjamin Black initiated the mobile advertising stock at a buy rating and price target of $705, which implies an upside of 28% ahead for the stock. Shares of AppLovin have surged 71% this year and rose 1.4% in premarket trading Wednesday. APP YTD mountain APP YTD chart As a catalyst, Black pointed to AppLovin's position as the dominant player within the mobile games' user acquisition advertising space, adding that its moat has grown increasingly deep. He noted that the company currently has about 80% market share on the supply side and over 55% on the demand side. "Other than select walled gardens, no other ad platform can rival its +1bn-strong DAU reach. APP has built best-in-class ad tech that

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