Is AppLovin Corporation (APP) The Best Performing S&P 500 Stock in the Last 2 Years?

AppLovin Corporation (NASDAQ:APP) is among the 10 Best Performing S&P 500 Stocks in the Last 2 Years.

On March 2, Investing.com reported that Bank of America has named its top picks across the internet and e-commerce sector for the first half of the year. The bank identified companies that it believes are well-positioned for growth through AI exposure, operational enhancements, and market share increases. AppLovin Corporation (NASDAQ:APP) has been identified as an AdTech pick by analyst Omar Dessouky, who highlights an appealing risk/reward position.

The company’s eCommerce advertising platform is creating a second growth curve alongside its mobile gaming ads franchise. Additionally, earlier third-party data points indicate accelerated market presence and a broadening merchant base.

Earlier on February 12, Benchmark maintained a Buy rating on AppLovin Corporation (NASDAQ:APP) with a price target of $775. This reaffirmation came after the company’s Q4 2025 results, in which it delivered revenue of $1,658 million, reflecting 66% YoY growth and 18% sequential growth. The company’s $1,399 million adjusted EBITDA was up 82% YoY, exceeding consensus by approximately 5%.

AppLovin Corporation (NASDAQ:APP) is a California-based company that provides software platforms for developers to enhance the marketing and monetization of their content. Founded in 2011, the company operates through two segments: Advertising and Apps.

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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