BTIG Lifts AppLovin Price Target to $483

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.

BTIG Lifts AppLovin Price Target to $483

Wichy/Shutterstock.com

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.

While we acknowledge the potential of APP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.