APPS stock surged 14% higher on December 7, 2021, after the company announced an expanded partnership with Telefonica.
Digital Turbine Expands Telefónica Relationship with New Global Partnership
On December 6, 2021, Digital Turbine, Inc. (Nasdaq: APPS), the leading independent mobile growth & monetization platform, announced it’s expanding their strategic partnership with Telefónica, one of the largest telecommunications service providers in the world with more than 365 million accesses. The agreement spans European and Latin American markets and adds new products such as Wizard, Notifications and SingleTap™ that deliver best-in-class app recommendation experiences to their subscribers. Integration of Digital Turbine’s Ignite On-Device Platform is already underway across the regions with the first launch expected in Q4 2021 by Movistar Chile.
“We are very pleased to work with Telefónica on this launch that strategically expands our presence in both European and Latin American markets,” said Bill Stone, CEO of Digital Turbine. “We understand the unique needs of our carrier partners and are committed to their success. Our full-stack growth and monetization platform that brings together Fyber and AdColony capabilities with our proven on-device platform for content and app recommendations provides unique opportunities for carriers and OEMs to benefit from growing programmatic ad demand. We connect all the dots between operators and advertisers creating a robust set of tailorable experiences for their subscribers while streamlining the process for mobile operators.
Top operators and OEMs around the world use Digital Turbine’s Ignite Platform to provide engaging app and content discovery experiences built-into new devices. Its cloud-based technology platform takes the unnecessary swipes, taps and friction out of how their subscribers use their devices to discover new apps, news, sports, entertainment, games and more. By offering a customizable one-stop solution, operators and OEMs are able to save precious time and resources. Ignite is the leading On-Device platform trusted by 40 operators and OEMs. Its technology it integrated into more than 750 million devices.
Digital Turbine is the leading independent mobile growth platform and levels up the landscape for advertisers, publishers, carriers and OEMs. By integrating a full ad stack with proprietary technology built into devices by wireless operators and OEMs, Digital Turbine supercharges advertising and monetization. The company is headquartered in Austin, Texas, with offices globally.
APPS stock upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Tim Nollen upgraded Digital Turbine to Outperform from Neutral with an $80 price target.
Digital Turbine could continue profitable growth, says Canaccord
On November 11, 2021, Canaccord analyst Austin Moldow reiterated a Buy rating and $100 price target on APPS stock after the company hosted an analyst day, where it discussed its comprehensive ad tech offering given recent acquisitions and the growth strategies to get the combined entities to the next level. Moldow believes there’s a compelling case to be made for Digital Turbine to continue on its “impressive” history of execution and profitable growth. The analyst added that he believes the company has been able to add access to additional high quality inventory.
VIDEO Why I’m Buying Digital Turbine Stock! ($APPS)
Rareliquid published this video on why he’s buying Digital Turbine ($APPS) stock for the long-haul.
APPS Stock Technical Analysis
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there. APPS is an average performer in the Software industry, it outperforms 58% of 333 stocks in the same industry. There is a support zone ranging from 47.89 to 48.63. This zone is formed by a combination of multiple trend lines in multiple time frames. There is a resistance zone ranging from 88.08 to 89.35. This zone is formed by a combination of multiple trend lines in multiple time frames. The technical rating of APPS is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts on when APPS stock is a good entry.