14 Best Multibagger Stocks to Buy According to Hedge Funds

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3. Applovin Corporation (NASDAQ:APP)

Number of Hedge Funds: 96

1Y Return: 370%

AppLovin Corporation (NASDAQ:APP) is one of the best multibagger stocks according to hedge funds. On July 23, 2025, BTIG analyst Clark Lampen maintained a “Buy” rating on AppLovin (NASDAQ: APP) and raised the price target from $480 to $483.

In his note, Lampen cited strong gaming-related momentum and largely positive non‑gaming feedback from industry checks as the rationale behind the upward revision.

He also reaffirmed AppLovin’s status as a BTIG Top Pick heading into the company’s Q2 earnings release on August 6, 2025. Lampen acknowledged that AppLovin had underperformed the S&P 500 in recent weeks, attributing the softness to short‑term skepticism and sector-wide digital-ad caution, factors he assessed as “mostly misguided”.

AppLovin Corporation (NASDAQ: APP) is a Palo Alto–based mobile technology company offering an advertising platform that helps app developers monetize through user acquisition, in-app bidding, and programmatic advertising across gaming and non-gaming verticals.

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