UBS Raises AppLovin Corporation (APP)’s Price Target To $810, Maintains Buy Rating

AppLovin Corporation (NASDAQ:APP) is among the 10 Best Money Making Stocks to Invest In. On September 26, UBS hiked the stock’s price target to $810 from $540, while maintaining a Buy rating for its shares.

UBS Raises AppLovin Corporation (APP)'s Price Target To $810, Maintains Buy Rating

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Analyst Chris Kuntarich noted that the company was on track to execute key initiatives over the next 12 months, which could help in enhancing the efficacy of Axon 2.0 and drive estimate and valuation expansion.

In a research note to analysts, Kuntarich also highlighted that web-based advertiser checks point toward strong demand for AppLovin Corporation (NASDAQ:APP)’s referral program.

In other related news, Piper Sandler, on the same day, also raised AppLovin Corporation (NASDAQ:APP)’s price target to $740 from $500, and reiterated an Overweight rating for its shares.

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 this cheapest AI stock.

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