AppLovin (APP) Maintains Overweight Rating With $800 PT After Positive Investor Meetings

AppLovin Corporation (NASDAQ:APP) is one of the Trending AI Stocks on Wall Street.  On December 8, Piper Sandler reiterated its “Overweight” rating on the stock with an $800.00 price target.

Firm analysts came away upbeat after an investor meeting with company leadership, citing solid execution, healthy gaming trends, and self-serve ad momentum.

According to the firm, an investor meeting was held last week with AppLovin CEO and Co-Founder Adam Foroughi, CFO Matt Stumpf, and Head of IR David Hsiao.

The discussions revolved around topics including self-serve ads roll out, new prospecting campaigns, the gaming market, and the GTM strategy.

The firm noted how management is satisfied with the progress of E-Com thus far and is focused on “building the self-serve technology to scale the business profitably and with a small team.”

“Gaming trends are healthy, and we are now seeing more data points the market is not zero-sum. We continue to like the stock. Reit OW, $800 PT.”

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. READ NEXT: 10 AI Stocks Making Headlines on Wall Street and 12 Must-Watch AI Stocks on Wall Street.  Disclosure: None.