William Blair Remains a Buy on AppLovin (APP), Here’s Why

AppLovin Corporation (NASDAQ:APP) is one of the Best Young Stocks To Buy and Hold For 20 Years. On March 11, William Blair reiterated an Outperform rating on AppLovin Corporation (NASDAQ:APP) without disclosing any price targets.

​The firm reiterated bullish sentiment on the stock after AppLovin’s investor meeting. CEO Adam Foroughi, CFO Matt Stumpf, and head of investor relations David Hsiao catered to investor questions regarding the AI opportunities and threats, non-gaming advertising growth, and the company’s growth outlook.

​Management highlighted that the recent market concerns regarding competitive threats from Meta are not indicative of the reality. CEO Foroughi expressed confidence in the current business trends and expects them to stay strong. He also highlighted that share buybacks remain an attractive opportunity for cash deployment. Moreover, while addressing questions regarding threats from AI, Foroughi noted that AI remains a long-term tailwind rather than a threat.

​AppLovin Corporation (NASDAQ:APP) develops and operates a mobile marketing platform, offering AppDiscovery, MAX, Adjust, and SparkLabs. The company’s software-based platform caters to mobile application developers for improvements in marketing and monetization of applications.

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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