Piper Sandler Raises PT for AppLovin (APP), Keeps Overweight Rating

AppLovin Corporation (NASDAQ:APP) is one of the 14 Best Aggressive Growth Stocks to Buy According to Analysts. On August 7, Piper Sandler increased its price target for AppLovin Corporation (NASDAQ:APP) from $470 to $500 while keeping an Overweight rating.

This decision came after the company announced its financial results for the second quarter of 2025. Piper Sandler saw these results as a “solid beat” on earnings and said the company gave a “strong guide” for future performance.

Piper Sandler Raises PT for AppLovin (APP), Keeps Overweight Rating

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The firm also noted that AppLovin Corporation (NASDAQ:APP) aims to launch a referral-based self-serve E-Commerce tool in early October 2025, with a full general availability launch expected in the first half of 2026.

Additionally, Piper Sandler pointed out that AppLovin Corporation’s (NASDAQ:APP) gaming business is strong despite what it described as a seasonally weaker second quarter period. Looking ahead, the firm believes there is potential for “multiple years of revenue tailwinds” from new verticals.

AppLovin Corporation (NASDAQ:APP) is an American technology company that offers end-to-end software and AI solutions for businesses of all sizes to reach, monetize, and grow their global audiences.

While we acknowledge the potential of APP as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

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