Ghazal Ahmed
1 min read
In This Article:
AppLovin Corporation (NASDAQ:APP) is one of the 10 AI Stocks Investors are Watching. On June 26, Piper Sandler analyst James Callahan raised the price target on the stock to $470.00 (from $455.00) while maintaining an “Overweight” rating.
In a research note, the analyst told investors that despite having weakness in AppLovin’s supply-side trends, it remains a buyer of its shares. AppLovin is expanding well above Digital Ad peers and expanding into new verticals.
“Mixed Data, But Explainable…Remain Buyers; Proprietary PSC work points to some weakness in APP supply-side trends, but this has not come up in checks. App-ads.txt data shows mobile gaming declines from April, but mostly from changes at one studio (that also impacts peers). APP’s share of new SDK adds ticked down through 2Q25, but mostly a function of AdMob gains which are majority non-gaming. Sellers.json total supply growth remains strong. We recently caught up with IR, and update estimates to fully remove Apps through 2Q25 as it will be reported as discontinued ops. See last Network Effects (LINK). We remain buyers, PT up to $470 from $455. Reiterate OW.”
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 in the Spotlight and 10 Trending AI Stocks on Wall Street Right Now.
Disclosure: None.
