12 Most Profitable S&P 500 Stocks to Invest In

8. AppLovin Corporation (NASDAQ:APP)

On June 22, 2026, Citi removed its “upside 90-day catalyst watch” on AppLovin Corporation (NASDAQ:APP) while maintaining a Buy rating and $710 price target. Citi expects the company’s e-commerce clients to ramp more slowly following Axon’s general availability.

Earlier in June, Edgewater Research upgraded AppLovin Corporation (NASDAQ:APP) to Outperform from Neutral.

Last month, JPMorgan analyst Cory Carpenter raised the firm’s price target on AppLovin to $515 from $500 and maintained a Neutral rating. Carpenter cited a Q1 beat and Q2 guidance that was in line with expectations. Piper Sandler also raised its price target on AppLovin to $665 from $650 and maintained an Overweight rating. Piper Sandler described the results as a “clean beat and raise,” with Q1 revenue increasing 59% year-over-year and coming in 3.8% above Street estimates, the largest percentage beat since Q1 2025.

Earlier in May, AppLovin Corporation (NASDAQ:APP) reported Q1 EPS of $3.56. Revenue totaled $1.84B, above the consensus estimate of $1.78B.

AppLovin Corporation (NASDAQ:APP) provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally.

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