AppLovin Corporation (NASDAQ:APP) is among the stocks with the best earnings growth for the next 10 years. On May 7, Cory Carpenter, an analyst at JPMorgan, elevated the price target on AppLovin Corporation (NASDAQ:APP) to $515 from $500 and maintained a Neutral rating. This price hike came shortly after the company’s first-quarter beat.
In Q1, AppLovin Corporation (NASDAQ:APP) delivered a remarkable performance, outperforming EPS by $0.12 and $0.06 billion, respectively. Looking ahead, management projects revenue in the range of $1.915 billion to $1.945 billion and an adjusted EBITDA margin between 84% and 85%. Regarding its future projects, CEO Adam Foroughi said,
“Come June, advertisers across the world will be able to sign up for Axon and start running campaigns. That changes the trajectory of this company in a very meaningful way.”
Wall Street reacted positively to the first quarter report. On May 8, Deutsche Bank lifted the price target on AppLovin Corporation (NASDAQ:APP) to $660 from $640 and reiterated a Buy rating on May 8. A day earlier, Piper Sandler also raised the price target on the company to $665 from $650, citing the company’s largest percentage beat since Q1 2025. The firm has an Overweight rating on the stock.
AppLovin Corporation (NASDAQ:APP) is a California-based company that provides AI-powered solutions to help developers enhance the marketing and monetization of their content. Founded in 2011, the company operates through two segments: Advertising and Apps.
While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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