10 Must-Watch AI Stocks on Investors’ Radar

5. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 51

AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology. On January 17, BTIG raised the firm’s price target on AppLovin (NASDAQ:APP) to $437 from $432 and kept a “Buy” rating on the shares. The rating, issued ahead of the company’s Q4 results, reflects the consistent improvement in advertiser feedback around AppLovin’s recently launched commerce product. The analyst told investors in a research note that the comments suggest advertiser count, campaign volume, and overall spending are all growing at healthy sequential rates. The company has recently launched a program whereby it integrates e-commerce advertising in its mobile gaming platform leveraging its AI-powered AXON engine. The firm is also optimistic about projecting higher-than-expected results for Q4 and anticipates a bigger boost to advertising revenue in 2025.