AppLovin Corporation ($APP) has received a Buy rating from Bank of America (BofA), which has set a price target of $580. Following meetings with AppLovin's CEO, analysts noted the company's strategic positioning alongside major tech firms like Meta, TikTok, and Google. BofA emphasized that AppLovin's competitive advantage lies in its proprietary training data, which has seen over $10 billion in sunk costs, creating a significant barrier for potential entrants from Big Tech. Additionally, analysts from Jefferies also reiterated a Buy rating for AppLovin, maintaining a higher price target of $600, citing strong AI targeting and e-commerce scaling as key growth drivers. The positive sentiment around AppLovin reflects a broader bullish outlook on the tech sector, particularly in the context of its unique market dynamics.