BTIG Raises Price Target for AppLovin (APP), Keeps Buy Rating

AppLovin Corporation (NASDAQ:APP) is one of the 11 Best Revenue Growth Stocks to Buy Now. On August 7, BTIG increased its price target for AppLovin Corporation (NASDAQ:APP) from $483 to $547 while keeping a Buy rating.

This decision came after AppLovin Corporation (NASDAQ:APP) reported Q2 2025 results, which were slightly better than BTIG’s expectations and in line with market consensus.

However, the firm noted that the more important news was the confirmation of the launch and expansion date for AppLovin Corporation’s (NASDAQ:APP) self-serve advertising tool, called AXON Ads Manager.

BTIG noted that the company is launching AXON Ads Manager during the seasonally strongest quarter, when about 45% of annual advertising budgets are deployed. Additionally, AppLovin Corporation (NASDAQ:APP) is growing its marketing customers through a referral program and expanding into new international markets.

The firm also pointed out that AppLovin Corporation (NASDAQ:APP) has started to explore non-gaming supply partnerships, which could increase supply starting in the first half of 2026.

AppLovin Corporation (NASDAQ:APP) is an American technology company that provides end-to-end software and AI solutions for businesses of all sizes to reach, monetize, and grow their global audiences.

While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.