10 AI Stocks to Watch Now

8. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 95

AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology. On February 27, BofA analyst Omar Dessouky kept a “Buy” rating and $580 price target on AppLovin shares. The analyst noted how AppLovin’s CEO has addressed the recent inaccurate claims made by short seller reports who allege that the company has been misrepresenting the benefits of its AI advertising platform. It also highlighted that the company’s profit margins and long-term growth forecast have “handily exceeded almost any of its comparables,” AppLovin remains the analyst’s top pick under coverage, and the firm views multiple catalysts through the first half to “sustain the rally.”