Top 10 AI Stocks on Latest Analyst Ratings and News

5. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 51

AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology. On January 13, Morgan Stanley analyst Matthew Cost raised the firm’s price target on AppLovin (APP) to $365 from $200 and kept an “Equal-Weight” rating on the shares. According to the firm, companies using GPUs and adopting AI technologies will have an edge across the North American Internet sector. In particular, the firm has been optimistic about Applovin due to its confidence in the e-commerce ads pilot. The e-commerce ads pilot is an initiative whereby the company integrates e-commerce ads into its mobile gaming ad platform. This program has been demonstrating promising results, with return on ad spend (ROAS) comparable to big tech groups such as Meta. The firm also believes that AppLovin will have steady growth in gaming ads, sustained by improvements in their AI-powered AXON engine. AXON is Applovin’s AI-powered platform that optimizes ad delivery through continuous learning and data refinement.