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Industry Checks Show Short Term Traders Are Wrong On AppLovin (APP) Stock

AppLovin Corporation (NASDAQ:APP) is one of the 8 Best American Stocks to Buy for the Next 5 Years. Evercore ISI analyst Robert Coolbrith maintained an Outperform rating on AppLovin Corporation (NASDAQ:APP) with a price target of $750 on March 31. The analyst says the recent drop in the stock does not reflect the company’s fundamentals or feedback from industry checks. Between March 18 and March 30, the firm conducted 10 detailed interviews with user acquisition decision-makers across game publishers, developers, and agencies in Europe, North America, and MENA, covering about $1.9 billion in annualized UA spend.

Analyst Robert Coolbrith stated that the check showed:

“8/10 indicated that they expect APP to expand its share of their UA budget over the next 6-12 months, with 3/8 quantifying expected APP wallet share gain on the order of 3-5 pts 6-12 months out, despite most advertisers indicating some strategic/concentration guardrails on APP spend—an additional 2/8 indicated APP’s share of their UA budget should already be 10-15 pts higher, if informed purely by [return on advertiser spend].”

Moreover, several cited product improvements as positive drivers, including late fourth quarter updates to targeting windows and creative clustering. They also highlighted earlier 2025 product changes, such as extended optimization windows from D7 to D28 and campaign objective shifts from CPI to CPM. Based on these findings, Robert Coolbrith reaffirmed his rating on AppLovin Corporation (NASDAQ:APP).

AppLovin Corporation (NASDAQ:APP) operates as an end-to-end artificial intelligence-powered advertising solutions provider for businesses in the United States and around the world. The company operates in the Apps and Advertising segments. It provides MAX, Axon Ads Manager, Adjust, and Wurl tools.

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.

READ NEXT: 8 Dirt Cheap Stocks to Buy With $1000 Right Now and 8 Best American Stocks to Buy for the Next 5 Years.

Disclosure: None. Follow Insider Monkey on Google News.

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