Benchmark Co Reiterates a Buy Rating on AppLovin Corporation (APP)

AppLovin Corporation (NASDAQ:APP) is one of the Best Unstoppable Growth Stocks to Buy Right Now. On January 6, Mike Hickey from Benchmark Co. reiterated a Buy rating on the stock with a $775 price target. Earlier on January 5, Matthew Swanson from RBC Capital also reiterated a Buy rating on AppLovin Corporation (NASDAQ:APP) with a $750 price target.

Analysts at Benchmark named the company as its “2026 EDM Top Idea,” driven by its emerging e-commerce and web business and durable core market growth in the gaming segment. The firm noted that the company has experienced improved advertiser density and is also witnessing a growth in AXON Ads Manager adoption. Benchmark added that these factors could act as a catalyst to improve AppLovin’s market share.

Moreover, the firm also noted that improved adoption for the company’s self-service AXON Ads Manager reflects improved return on ad spend and potential conversion upside from AI-driven creative tools across more than 1 billion daily active users.

That said, Jason Bazinet from Citi also assigned a Buy rating to AppLovin Corporation (NASDAQ:APP) on December 29 with a $820 price target. The analyst from Citi also pointed out the steady increase in the number of e-commerce clients using AXON. The analyst noted that although the market penetration  of AXON remains modest, the month-over-month growth suggests a runway for further adoption and revenue expansion.

AppLovin Corporation (NASDAQ:APP) is engaged in building a software-based platform for advertisers to enhance the marketing and monetization of their content.

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Disclosure: None. This article is originally published at Insider Monkey.