Billionaire Stephen Mandel’s 10 Stocks with Huge Upside Potential

5. AppLovin Corporation (NASDAQ:APP)

% holding in portfolio: 0.32%

Upside Potential: 89.65%

California-based company AppLovin Corporation (NASDAQ:APP) operates a software platform that enables developers to market, monetize, and grow mobile applications. Its portfolio includes mobile ad tech solutions, gaming studios, and AI optimization tools. The company stands apart from the rest of the market by concentrating on vertical integration across user acquisition and monetization. Focusing on in-app bidding technologies without compromising the innovations in AI engines has gained it a significant position in the mobile ecosystem.

Around 0.32% of Stephen Mandel’s portfolio is comprised of AppLovin Corporation (NASDAQ:APP)’s stakes. It reflects limited confidence in the mobile app monetization area. The company reached a high revenue of $1.37 billion in the fourth quarter of 2024, a 44% increase compared to the previous year. It is also expanding its advertising platform beyond gaming, moving further into e-commerce and attracting a broader range of advertisers. AppLovin Corporation (NASDAQ:APP) expects the total revenue to be between $1.355 billion and $1.385 billion in the first quarter of 2025, with its apps segment specifically contributing between $325 million and $335 million in revenue.

AppLovin Corporation (NASDAQ:APP)’s upside potential has been estimated to be 89.65%, turning the billionaire stock into a significant opportunity for investors seeking growth stocks. The rising demand creates the opportunity for app-based advertising platforms.