Citi Maintains Buy Rating on AppLovin (APP)

AppLovin Corporation (NASDAQ:APP) is one of the 12 Most Profitable S&P 500 Stocks to Invest In.

On June 22, 2026, Citi removed its “upside 90-day catalyst watch” on AppLovin Corporation (NASDAQ:APP) while maintaining a Buy rating and $710 price target. Citi expects the company’s e-commerce clients to ramp more slowly following Axon’s general availability.

Earlier in June, Edgewater Research upgraded AppLovin Corporation (NASDAQ:APP) to Outperform from Neutral.

Last month, JPMorgan analyst Cory Carpenter raised the firm’s price target on AppLovin to $515 from $500 and maintained a Neutral rating. Carpenter cited a Q1 beat and Q2 guidance that was in line with expectations. Piper Sandler also raised its price target on AppLovin to $665 from $650 and maintained an Overweight rating. Piper Sandler described the results as a “clean beat and raise,” with Q1 revenue increasing 59% year-over-year and coming in 3.8% above Street estimates, the largest percentage beat since Q1 2025.

Citi Maintains Buy Rating on AppLovin (APP)

Earlier in May, AppLovin Corporation (NASDAQ:APP) reported Q1 EPS of $3.56. Revenue totaled $1.84B, above the consensus estimate of $1.78B.

AppLovin Corporation (NASDAQ:APP) provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally.

While we acknowledge the risk and potential of APP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than APP and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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