Reported 1 day ago
Oppenheimer has identified AppLovin Corporation (NASDAQ:APP) as a top pick for growth investing, maintaining an Outperform rating and a $500 price target, suggesting a 15.15% upside from the current price. The firm expects growth in e-commerce advertising and anticipates benefits from the rollout of its AXON Ad Manager. Analysts believe the company will reactivate its e-commerce advertisers through new initiatives, though some caution against focusing on APP compared to other AI stocks with potentially higher returns.
Source: YAHOO