10 High Growth Mega-Cap Stocks to Buy and Hold for Next 10 Years

7. AppLovin Corporation (NASDAQ:APP)

On March 16, Citi analyst Jason Bazinet raised the firm’s price target on AppLovin Corporation (NASDAQ:APP) while reiterating a Buy rating. The analyst increased the firm’s price target on the stock to $820. The upwardly revised price target suggests a compelling 78.67% upside from the current levels. This upside is closer to the highest Wall Street analysts’ upside of 87%, as per 32 analysts covering the stock.

In addition to Citi, Bank of America also maintained its Buy rating on AppLovin Corporation (NASDAQ:APP) along with the price target of $705 on March 9. The firm’s optimism was also supported by growing institutional interest in the stock, reflected in a notable increase in ownership breadth over the past year. This trend points to strengthening investor confidence. According to the firm, the broader trend reflects continued inflows into AI and technology-related stocks, with the company emerging as one of the key beneficiaries. The increase in ownership shows that institutional investors are putting more money into AppLovin Corporation (NASDAQ:APP), a company well-positioned to benefit from AI growth and digital advertising demand.

AppLovin Corporation (NASDAQ:APP) operates as an end-to-end AI-powered advertising solutions provider. It serves businesses in the United States and around the world. The company operates in the Apps and Advertising segments. AppLovin was founded in 2011 and is based in Palo Alto, California.