Top 10 AI Stocks on Investors’ Radar

7. 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 22, Bank of America analyst Vivek Arya recommended buying the dip on several buy-rated tech stocks, one of which is AppLovin Corporation. The firm said that shares of the company are just too attractive to be ignored.

Several meetings with the management have made its bullish thesis on the company clearer, and it noted how AppLovin has a first-mover advantage and is poised to benefit from an increase in digital spending. Moreover, the analyst noted how investors are hardly shaken despite several short seller reports that targeted the company. The firm has a Buy rating on the stock with a price target of $580.

AppLovin “In our opinion, management’s articulation of the secular bull thesis becomes more effective with each investor meeting – we think investors will soon connect the dots. … .The market’s recent momentum unwind & multiple short seller reports have in our view resulted in an opportunity to acquire a secular grower, early in its inflection, at a steep discount to GOOGL & META, profitable high growth software stocks, & AI beneficiaries…”