11 Best Guru Stocks to Buy According to Wall Street Analysts

8. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 95

Average Upside Potential: 95.66%

AppLovin Corporation (NASDAQ:APP) is a California-based tech company that allows advertisers to grow and monetize their content through software tools. The company connects advertisers with app publishers, runs real-time auctions to get the best ad placements, and provides data and insights to help improve marketing strategies. It also supports connected TV advertising and distributes streaming content. It is one of the best Guru stocks to look out for.

On April 11, UBS analyst Chris Kuntarich assigned a Buy rating to AppLovin Corporation (NASDAQ:APP) but reduced the price target to $450 from $630. UBS is still confident in the company’s future, even after a short report raised some concerns and made e-commerce advertisers a bit more cautious. While first-quarter revenue might fall short of expectations, feedback on the company’s performance has been positive. UBS believes AppLovin’s advertising business could grow by more than 40% annually over the next few years.

AppLovin Corporation (NASDAQ:APP) recorded $1.37 billion in Q4 revenue, a 44% jump from last year, and $4.71 billion for the full year, up 43%. Most of that growth came from advertising, which surged 73%, while app revenue dipped slightly. Net income climbed a whopping 248% in Q4 and 343% for the year. Looking ahead, AppLovin expects Q1 2025 revenue to reach up to $1.385 billion. It also repurchased 25.7 million shares in 2024, ending the year with 340 million shares outstanding.

According to Insider Monkey’s fourth quarter database, 95 hedge funds were bullish on AppLovin Corporation (NASDAQ:APP), up from 51 funds in the prior quarter. Rajiv Jain’s GQG Partners was the largest stakeholder of the company, with 8.4 million shares worth $2.7 billion.