AppLovin Corporation (NASDAQ:APP) is one of the AI Stocks Investors Are Watching Closely. On September 29, Morgan Stanley reiterated the stock as “Overweight” and raised its price target to $750 per share from $480.
According to the firm, AppLovin’s self-serve tool for non-gaming, the AXON Ads Manager, is likely to be a “key catalyst” that will prove that the company can “tap into billions of ad dollars outside the game industry.”
“This is a key catalyst to grow its ad business and prove that it can tap into billions of ad dollars outside the game industry.”
It said that a successful launch would be “the most important proof point yet” on the scalability of its non-gaming advertising product.
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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