10 Trending AI Stocks Making Waves Today

8. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 51

AppLovin Corporation (NASDAQ:APP) is a leading marketing software company leveraging its AI-powered platform to provide targeted and automated marketing solutions.

On November 20, Wells Fargo raised the firm’s price target on AppLovin Corporation (NASDAQ:APP) to $360 from $250 and kept an “Overweight” rating on the shares. According to the firm, recent checks suggest strong e-commerce adoption as well as positive advertiser sentiment. Applovin leverages artificial intelligence to optimize ROAS (Return On Ad Spend) for advertisers. As such, the company has been demonstrating ROAS as strong as Meta and Google, leading to rapid budget growth.