Top 15 AI Stock News and Ratings Dominating Wall Street

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8. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 51

AppLovin Corporation (NASDAQ:APP) operates a leading marketing platform powered by AI technology. On December 9, Oppenheimer said that AppLovin’s (APP) is a top pick in the firm’s coverage. It further stated that the 15% decline in stock price presents a favorable opportunity to buy the stock considering it is an exciting growth company at a reasonable valuation. The firm rated the stock as “Outperform” with a price target of $480. This high-growth company boasts strong financials, including manageable debt levels, robust liquidity, and promising long-term growth drivers in the e-commerce and non-gaming sectors. The firm has also highlighted AppLovin’s recent customer feedback from its e-commerce pilot program conducted around Black Friday and Cyber Monday.  The e-commerce pilot program tests the use of Applovin’s AI-powered platform, Axon, to optimize and target advertising.

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