Here’s What Analysts Are Saying About AppLovin Corporation (APP) Stock

AppLovin Corporation (NASDAQ:APP) is one of the 10 High Growth Mega Cap Stocks to Buy and Hold for Next 10 Years. On March 16, Citi analyst Jason Bazinet raised the firm’s price target on AppLovin Corporation (NASDAQ:APP) while reiterating a Buy rating. The analyst increased the firm’s price target on the stock to $820. The upwardly revised price target suggests a compelling 78.67% upside from the current levels. This upside is closer to the highest Wall Street analysts’ upside of 87%, as per 32 analysts covering the stock.

AppLovin Corporation (NASDAQ:APP) is one of the 10 High Growth Mega Cap Stocks to Buy and Hold for Next 10 Years

In addition to Citi, Bank of America also maintained its Buy rating on AppLovin Corporation (NASDAQ:APP) along with the price target of $705 on March 9. The firm’s optimism was also supported by growing institutional interest in the stock, reflected in a notable increase in ownership breadth over the past year. This trend points to strengthening investor confidence. According to the firm, the broader trend reflects continued inflows into AI and technology-related stocks, with the company emerging as one of the key beneficiaries. The increase in ownership shows that institutional investors are putting more money into AppLovin Corporation (NASDAQ:APP), a company well-positioned to benefit from AI growth and digital advertising demand.

AppLovin Corporation (NASDAQ:APP) operates as an end-to-end AI-powered advertising solutions provider. It serves businesses in the United States and around the world. The company operates in the Apps and Advertising segments. AppLovin was founded in 2011 and is based in Palo Alto, California.

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 this cheapest AI stock.

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