AppLovin (APP) Price Target Raised to $725 by Wedbush, Outperform Maintained

AppLovin Corporation (NASDAQ:APP) is one of the  AI Stocks in the Spotlight for Investors. On September 12, Wedbush analyst Alicia Reese raised the price target on the stock to $725.00 (from $620.00) while maintaining an Outperform rating.

According to the firm, AppLovin has proven overtime that its phenomenal growth will continue for the foreseeable future and that too, at a staggering profit margin.

Ongoing momentum in gaming will be beneficial for the current year in terms of more players and increased spending on user acquisition and layering in ecommerce. The user acquisition pie is anticipated to keep growing due to the impact of the Apple vs. Epic case.

This will potentially become a tailwind for AppLovin next year. The firm believes that its current estimates are conservative and that both ecommerce success and web store migration should enable significant growth for the next few years.

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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Disclosure: None.