Benchmark Co Reiterates a Buy Rating on AppLovin Corporation (APP)

AppLovin Corporation (NASDAQ:APP) is one of the Best Unstoppable Growth Stocks to Buy Right Now. On January 6, Mike Hickey from Benchmark Co. reiterated a Buy rating on the stock with a $775 price target. Earlier on January 5, Matthew Swanson from RBC Capital also reiterated a Buy rating on AppLovin Corporation (NASDAQ:APP) with a $750 price target.

Analysts at Benchmark named the company as its “2026 EDM Top Idea,” driven by its emerging e-commerce and web business and durable core market growth in the gaming segment. The firm noted that the company has experienced improved advertiser density and is also witnessing a growth in AXON Ads Manager adoption. Benchmark added that these factors could act as a catalyst to improve AppLovin’s market share.

Moreover, the firm also noted that improved adoption for the company’s self-service AXON Ads Manager reflects improved return on ad spend and potential conversion upside from AI-driven creative tools across more than 1 billion daily active users.

That said, Jason Bazinet from Citi also assigned a Buy rating to AppLovin Corporation (NASDAQ:APP) on December 29 with a $820 price target. The analyst from Citi also pointed out the steady increase in the number of e-commerce clients using AXON. The analyst noted that although the market penetration  of AXON remains modest, the month-over-month growth suggests a runway for further adoption and revenue expansion.

AppLovin Corporation (NASDAQ:APP) is engaged in building a software-based platform for advertisers to enhance 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.