AppLovin (APP) Sees Bullish Updates from Analysts

AppLovin Corporation (NASDAQ:APP) is one of the 15 Best Performing AI Stocks Heading into 2026. On November 21, Citi reiterated its Buy rating on AppLovin Corporation (NASDAQ:APP) with a price target of $820.

Earlier, on November 7, Wells Fargo increased its price target on AppLovin Corporation (NASDAQ:APP) from $633 to $721 and kept an Overweight rating. Wells Fargo noted that mobile gaming, rather than web ads, played a key role in the company’s strong Q3 performance and Q4 guidance.

On November 6, Piper Sandler also raised its price target on AppLovin Corporation (NASDAQ:APP) from $740 to $800 and maintained an Overweight rating after the company’s Q3 results, which beat consensus estimates. The company also provided strong forward guidance for Q4.

Piper Sandler noted the success of AppLovin Corporation’s (NASDAQ:APP) Axon Ads Manager. The roll-out of Axon Ads Manager is going very well and it has seen a 50% increase in spending week-over-week since early October.

The research firm believes the strong guidance is supported mainly by better gaming seasonality and higher spending from current e-commerce customers. The forecast does not yet take into account new advertisers that are not yet onboarded.

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.

READ NEXT: 15 Best Aggressive Growth Stocks to Buy Right Now and 12 Best American Penny Stocks to Buy Right Now.

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