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 Radar. On 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.

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

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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