10 AI Stocks On Wall Street’s Radar

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 12, Analyst Omar Dessouky from Bank of America Securities maintained a “Buy” rating on the stock with a $580.00 price target. Dessouky met with AppLovin’s CEO in New York City, coming out incrementally positive about how AppLovin’s management has effectively communicated the company’s strategic advantages, particularly in the in-app bidding industry.

Recent market conditions, including multiple short seller reports which claimed that AppLovin has misrepresented the benefits of its AI advertising platform, present a favorable opportunity for investors to purchase AppLovin shares. The firm stated that these shares are considered a steep discount compared to other high-growth tech stocks like Google and Meta. Its proprietary data and predictive models offer a robust moat, ensuring its ability to outbid competitors and maintain profitability.