15 AI Stocks Taking Wall Street by Storm

Page 5 of 14

10. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 51

AppLovin Corporation (NASDAQ:APP) operates a prominent AI-powered marketing platform. On November 27, Piper Sandler analyst James Callahan CFA maintained a “Buy” rating on AppLovin Corporation (NASDAQ:APP) and set a price target of $400.00. The rating comes after a series of meetings and discussions with the company’s CFO, Matt Stumpf, and Head of Investor Relations, David Hsiao. Investor sentiment is mixed-positive, as many are still familiarizing themselves with the company’s prospects after its strong AI-driven Q3 performance. The firm’s discussion with the management has led to the Overweight rating, where topics such as the CFO’s approach to financial leadership, potential optimizations in the company’s business model, and opportunities within E-Commerce were discussed. There is also confidence in the company’s direction and position in the competitive mobile app market.

Page 5 of 14