Piper Sandler Raises AppLovin (APP) Price Target, Keeps Overweight Rating

AppLovin Corporation (NASDAQ:APP) is one of the 15 Best Aggressive Growth Stocks to Buy Right Now. On November 6, Piper Sandler increased its price target on AppLovin Corporation (NASDAQ:APP) from $740 to $800 and kept an Overweight rating on the stock.

This decision by the firm came after AppLovin Corporation (NASDAQ:APP) reported its results for the third quarter of 2025.

AppLovin Corporation (NASDAQ:APP) reported revenue that beat market estimates by a mid-single-digit margin. The company also provided strong forward guidance for the fourth quarter of 2025. It projects revenue to grow 12-14% quarter-over-quarter, or 57-60% compared to the fourth quarter of last year.

Piper Sandler also pointed out that AppLovin Corporation’s (NASDAQ:APP) Axon Ads Manager roll-out has been performing very well, with spending rising 50% week-over-week since early October.

The research firm noted that the strong guidance by the company is mainly supported by improved gaming seasonality and growth in spending from the current e-commerce customers. These estimates do not include the possible impact from new advertisers that are not onboarded yet.

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