BTIG Raises Price Target for AppLovin (APP), Keeps Buy Rating

AppLovin Corporation (NASDAQ:APP) is one of the 11 Best Revenue Growth Stocks to Buy Now. On August 7, BTIG increased its price target for AppLovin Corporation (NASDAQ:APP) from $483 to $547 while keeping a Buy rating.

This decision came after AppLovin Corporation (NASDAQ:APP) reported Q2 2025 results, which were slightly better than BTIG’s expectations and in line with market consensus.

BTIG Raises Price Target for AppLovin (APP), Keeps Buy Rating

Small business owners with their laptops sitting at a coffee shop, discussing their digital advertising strategy.

However, the firm noted that the more important news was the confirmation of the launch and expansion date for AppLovin Corporation’s (NASDAQ:APP) self-serve advertising tool, called AXON Ads Manager.

BTIG noted that the company is launching AXON Ads Manager during the seasonally strongest quarter, when about 45% of annual advertising budgets are deployed. Additionally, AppLovin Corporation (NASDAQ:APP) is growing its marketing customers through a referral program and expanding into new international markets.

The firm also pointed out that AppLovin Corporation (NASDAQ:APP) has started to explore non-gaming supply partnerships, which could increase supply starting in the first half of 2026.

AppLovin Corporation (NASDAQ:APP) is an American technology company that provides end-to-end software and AI solutions for businesses of all sizes to reach, monetize, and grow their global audiences.

While we acknowledge the potential of APP as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

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