Top 10 Tech Stocks in Louis Navellier’s Portfolio

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6. AppLovin Corporation (NASDAQ:APP)

Stock Upside Potential: 29.49%

Navellier & Associates Equity Stake: $9.69 Million

Number of Hedge Fund Holders: 108

AppLovin Corporation (NASDAQ:APP) is one of the top tech stocks in Louis Navellier’s portfolio. On May 7, Wolfe Research reiterated an Outperform rating on AppLovin Corporation (NASDAQ:APP) and raised the price target to $580 from $575.

The bullish stance and price target hike comes on the heels of AppLovin Corp delivering impressive first-quarter 2026 results driven by mobile advertising and e-commerce growth. Revenue in the quarter was up 59% year over year to $1.84 billion. Net income was up 109% to $1.2 billion as adjusted EBITDA totaled $1.56 billion, up 66% year over year.

Diluted earnings per share came in at $3.56 as the company also repurchased 2.2 million shares at a total cost of $1 billion. Mobile gaming advertising and e-commerce were the catalysts behind the robust first-quarter results, as April’s monthly revenue exceeded that of any previous fourth-quarter month, which is usually the strongest season.

The growth momentum is expected to continue in the second quarter, with management forecasting revenue of between $1.915 billion to $1.945 billion. Adjusted EBITDA is expected to be between $1.615 billion and $1.645 billion.

AppLovin Corporation (NASDAQ:APP) is a leading mobile technology company that provides AI-powered software solutions to help developers and businesses market, monetize, and publish their apps. Their platform connects advertisers with users, primarily driving growth for mobile apps through advanced analytics, in-app bidding, and AI-driven ad targeting.

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 the cheapest AI stock.

Click to continue reading and see the Top 5 Tech Stocks in Louis Navellier’s Portfolio.

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