Citi Maintains Buy Rating on AppLovin (APP) Stock

AppLovin Corporation (NASDAQ:APP) is one of the High-Flying Stocks to Buy Right Now. On January 20, Citi analyst Jason Bazinet maintained a “Buy” rating on the company’s stock, setting a price objective of $820.00. The analyst’s rating comes off the back of AppLovin Corporation (NASDAQ:APP)’s Axon-driven e-Commerce momentum, as well as improvement in customer quality.

The analyst further noted a significant increase in the number of e-Commerce clients utilizing Axon over a short period, and growth in Axon’s penetration among Shopify merchants. The significant share of Axon’s Shopify clients is U.S.-based, highlighted the analyst. This metric is being viewed positively by the analyst, considering the depth and monetization potential.

In a separate release, on January 14, Evercore ISI analyst Robert Coolbrith initiated coverage on AppLovin Corporation (NASDAQ:APP)’s stock at an “Outperform” rating and a price objective of $835. As per the analyst, the company is a dominant mobile gaming ad‑tech platform, which possesses an emerging e-commerce performance channel. Both mobile gaming and e-commerce ad spend can sustain over 30% revenue and EBITDA CAGR between 2025 and 2028, added Coolbrith.

AppLovin Corporation (NASDAQ:APP) builds a software-based platform for advertisers to enhance the marketing and monetization of 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.