Here’s Why AppLovin (APP) Is One of the Best Long-Term Stocks to Buy Now for High Returns

AppLovin Corporation (NASDAQ:APP) is one of the Best Long-Term Stocks to Buy Now for High Returns. On May 12, Needham analyst Bernie McTernan maintained a “Buy” rating on the company’s stock, setting the price objective of $700.00. The analyst’s rating comes off the back of factors associated with AppLovin Corporation (NASDAQ:APP)’s product roadmap and growth opportunities.

Here's Why AppLovin (APP) Is One of the Best Long-Term Stocks to Buy Now for High Returns

The analyst noted the upcoming general availability launch for the Consumer offering. This includes new generative AI video-creation capabilities that can aid advertisers in improving return on ad spend and deepen the engagement on the platform.

Furthermore, the analyst hinted towards the expansion of AppLovin Corporation (NASDAQ:APP)’s addressable market as a key driver.  McTernan noted the ability for advertisers to purchase on a cost-per-lead basis as well as the effort to integrate Axon tightly with advertisers’ own AI systems.

Overall, AppLovin Corporation (NASDAQ:APP)’s robust supply positioning, along with incremental upside due to the hybrid monetization in in-app purchase games and long-term opportunity in connected TV, supports the rating.

AppLovin Corporation (NASDAQ:APP) is engaged in providing end-to-end AI-powered advertising solutions.

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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