Top 10 AI News Updates to Catch Up on This Weekend

8. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 95

AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology. On March 13, Citi analyst Jason Bazinet maintained a “Buy” rating on the stock and retained the price target of $600.00. Bazinet is bullish on the stock given its resilience and growth potential, particularly recently after the company was the victim of several bearish reports that questioned its AI advertising platform. It affirmed that AppLovin’s tools are effective, which is proven from its continued client usage despite overlaps with platforms such as Meta.

AppLovin’s eCommerce sector is also demonstrating promising growth, particularly as 600 eCommerce customers have onboarded and 80% of them have scaled their spending. The company is also exploring further expansion avenues, and even though there are challenges such as staffing limitations, proactive measures such as the integration of AI agents for process automation are proving fruitful for the company. In addition, the company’s eCommerce model is also anticipated to catch up with its more mature mobile gaming ad model, paving way for further revenue growth.