10 AI Stocks Dominating the News This Week

7. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 95

AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology. On March 28, FBN Securities initiated coverage on the stock with an “Outperform” rating and set a price target of $385.00. According to the firm’s research, the company is doing well in the mobile gaming market, and is also boosting its reach into direct-to-consumer (DTC) and e-commerce with Audience+, an AI-powered performance marketing platform.

The firm is also confident in AppLovin’s growth strategy. Even though there are competitive challenges in its ad network economic model and the competitive landscape for AI talent and models, the company holds several advantages as well. These advantages include AppLovin’s scale, its sophisticated marketer clientele, and a successful record of mergers and acquisitions.