Why These 15 Software Stocks Are Skyrocketing So Far in 2025

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10. AppLovin Corp (NASDAQ:APP)

Number of Hedge Fund Holders In Q3 2024: 51

AppLovin Corp (NASDAQ:APP) is a mobile technology company.

The stock is up significantly after its Q4 2024 earnings beat and an AI advertising breakthrough. It reported 44% year-over-year revenue growth to $1.37 billion, along with 73% advertising revenue growth to $999.4 million. This was driven by its AXON 2.0 AI engine and its AI-optimized ad placements that extend beyond mobile gaming to other industries.

The AXON tech accounts for two-thirds of its revenue now. With AI models getting better and improving ad targeting efficiency by 40% year-over-year, analysts are quite bullish.

Furthermore, Q1 2025 revenue forecasts of $1.36–1.39 billion (+30% year-over-year at midpoint) exceeded consensus estimates of $1.32 billion.

The consensus price target of $422.18 implies 17.24% downside.

APP stock is up 57.53% year-to-date.

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