10 Best Non-Mega Cap NASDAQ Stocks to Buy Right Now

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1. Applovin Corporation (NASDAQ:APP)

Average analyst upside: 38.16%

Market cap: $119.44 billion

Number of Hedge Fund Holders: 96

Applovin Corporation (NASDAQ:APP) is one of the Best Non-Mega Cap NASDAQ Stocks to Buy Right Now. Applovin Corporation (NASDAQ:APP) shares jumped on Monday after Citi reiterated the stock as a top pick heading into the company’s second-quarter earnings report, scheduled for August 6. The firm reaffirmed its Buy rating and maintained a $600 price target, citing confidence in AppLovin’s performance and outlook.

In a note to clients, Citi said it expects second-quarter results to come in at the high end of management’s guidance ranges. The firm also highlighted strength in AppLovin’s software platform and monetization strategy as key drivers of momentum heading into the second half of 2025 and into 2026.

Citi’s note emphasized that tailwinds from AI-driven ad targeting and growing demand for mobile app optimization tools continue to support revenue acceleration. With solid execution and rising visibility into long-term growth, Applovin Corporation (NASDAQ:APP) remains well-positioned in a competitive digital ecosystem.

The company’s upcoming earnings report will be closely watched for further signs of momentum, as investors look for confirmation of Citi’s bullish stance and any upward revisions to guidance.

While we acknowledge the potential of APP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.

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