Wells Fargo Lifts AppLovin (APP) PT to $491 Despite Slower Customer Growth

AppLovin Corporation (NASDAQ:APP) is one of the Hot AI Stocks to Keep on Your RadarOn August 21, Wells Fargo raised the firm’s price target on the stock to $491 from $480 and kept an Overweight rating on the shares.

According to the analysts, the firm’s web advertising deep dive reveals multiple bright spots ahead of general availability in 2026.

Even though web advertising customer growth has slowed in recent months, the new customers acquired are much larger.

Wells Fargo Lifts AppLovin (APP) PT to $491 Despite Slower Customer Growth

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AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology.

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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