Loop Capital Markets Reiterated a Buy Rating on AppLovin Corporation (APP), Kept the PT Unchanged

AppLovin Corporation (NASDAQ:APP) is one of the Best Stocks to Invest in for High ReturnsOn August 1, Rob Sanderson from Loop Capital Markets reiterated a Buy rating on AppLovin Corporation (NASDAQ:APP) with a price target of $650.

The reiterated bullish sentiment follows the company’s announcement to release its fiscal second quarter results on August 6. AppLovin Corporation (NASDAQ:APP) delivered robust results during its fiscal first quarter of 2025. The revenue reached $1.48 billion after growing 40.25% and surpassed expectations by $101.7 million. Moreover, the EPS of $1.67 also beat expectations by $0.23.

Loop Capital Markets Reiterated a Buy Rating on AppLovin Corporation (APP), Kept the PT Unchanged

A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software-based platform.

The management is anticipating total advertising revenue for the second quarter to be within the range of $1.195 billion to $1.215 billion. Whereas, the adjusted EBITDA is anticipated between $970 million and $990 million.

AppLovin Corporation (NASDAQ:APP) is a marketing technology company that offers software and AI solutions to help businesses reach and grow their global audiences.

While we acknowledge the potential of APP to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

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