12 Trending AI Stocks on Wall Street

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8. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 110

AppLovin Corporation (NASDAQ:APP) is one of the 12 Trending AI Stocks on Wall Street.  On December 8, Piper Sandler reiterated its “Overweight” rating on the stock with an $800.00 price target.

Firm analysts came away upbeat after an investor meeting with company leadership, citing solid execution, healthy gaming trends, and self-serve ad momentum.

According to the firm, an investor meeting was held last week with AppLovin CEO and Co-Founder Adam Foroughi, CFO Matt Stumpf, and Head of IR David Hsiao.

The discussions revolved around topics including self-serve ads roll out, new prospecting campaigns, the gaming market, and the GTM strategy.

The firm noted how management is satisfied with the progress of E-Com thus far and is focused on “building the self-serve technology to scale the business profitably and with a small team.”

“Gaming trends are healthy, and we are now seeing more data points the market is not zero-sum. We continue to like the stock. Reit OW, $800 PT.”

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

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