Top 10 Growth Stocks in Billionaire Philippe Laffont’s Portfolio

8. AppLovin Corporation (NASDAQ:APP)

Stock Upside Potential: 57.18%

Number of Hedge Fund Holders: 108

Coatue Management’s Stake Value: $1,472,800,044

AppLovin Corporation (NASDAQ:APP) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 7, AppLovin Corporation (NASDAQ:APP) stock rallied by about 6.7% as investors reacted to Wells Fargo raising the stock’s price target to $560 from $543 while reiterating an Overweight rating.

According to the research firm, the company is benefiting from improving industry checks and is well-positioned to deliver solid first-quarter earnings. Analyst Alec Brondolo has since raised the company’s first-quarter revenue estimates by 3%, buoyed by strong mobile game checks. The checks suggest that in-app advertising growth is above normal seasonality, with Applovin holding a significant share.

“Industry checks indicate 1Q mobile game IAA revs trended better than seasonal (1Q generally down ~LSD, 1Q:26 ~flat q/q). APP share of voice in IAA inventory ~flat y/y (even as META 1Q share ticked up to ~13-14% vs. ~11% in 4Q),” Brondolo said.

The investment bank expects Applovin to deliver first-quarter revenue of $1.82 billion, representing a 10% quarter-over-quarter increase. It also expects ecommerce revenue to come in at $235 million, up from $222 million in the fourth quarter, even though new advertiser growth has not yet inflected.

AppLovin Corporation (NASDAQ:APP) is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.