10 AI Stocks Investors Are Watching Closely

7. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 109

AppLovin Corporation (NASDAQ:APP) is one of the 10 AI Stocks Investors Are Watching Closely. On September 29, Morgan Stanley reiterated the stock as “Overweight” and raised its price target to $750 per share from $480.

According to the firm, AppLovin’s self-serve tool for non-gaming, the AXON Ads Manager, is likely to be a “key catalyst” that will prove that the company can “tap into billions of ad dollars outside the game industry.”

“This is a key catalyst to grow its ad business and prove that it can tap into billions of ad dollars outside the game industry.”

It said that a successful launch would be “the most important proof point yet” on the scalability of its non-gaming advertising product.

AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology.