BTIG Lifts PT on AppLovin (APP) Stock

AppLovin Corporation (NASDAQ:APP) is one of the Best Stocks to Invest in for the Next 3 Years. On December 17, BTIG lifted the price target on the company’s stock to $771 from $705, while keeping a “Buy” rating. As per the analyst, moving into 2026, the firm remains constructive about the setup for gaming and gambling end markets the company covers. Furthermore, the increased price target demonstrates stronger gaming user acquisition trends in Q4 and beyond.

In a separate release, on December 15, Citi analyst Jason Bazinet maintained a “Buy” rating on the company’s stock, setting a price objective of $820.00. The analyst’s rating is backed by a combination of factors, which include the growth in the company’s e-commerce client base and the increasing adoption of the Axon product. AppLovin Corporation (NASDAQ:APP) witnessed a strong increase in the number of e-commerce clients, with a healthy percentage also utilising Shopify, showcasing healthy integration and acceptance of their platform.

Furthermore, the analyst also added that the geographic diversity of Axon’s user base continues to improve, amidst a decline in the concentration of users from the top markets. This hints at a broader international appeal. Notably, diversification is being regarded as a favourable indicator, mainly since AppLovin Corporation (NASDAQ:APP) achieved growth without significant advertising spend, added Bazinet.

AppLovin Corporation (NASDAQ:APP) is engaged in building a software-based platform for advertisers to improve the marketing and monetization of their content.

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.