Benchmark Raises PT on AppLovin (APP) Stock

Group 1 - AppLovin Corporation (NASDAQ:APP) is recognized as a top AI and technology stock to buy according to hedge funds, with analysts raising price targets due to strengthened prospects [1][2][3] - Benchmark analyst Mike Hickey increased the price target from $700 to $775 while maintaining a "Buy" rating, citing accelerating e-commerce traction and a clear roadmap for scaling AXON Ads self-serve [1] - Jefferies analyst James Heaney raised the price objective from $800 to $860, also keeping a "Buy" rating, while advising selectivity in Internet stocks due to potential limitations on margin expansion and concerns around AI disintermediation [2] - Bank of America Securities analyst Omar Dessouky reiterated a "Buy" rating with a price objective of $860, highlighting the significant expansion of Axon's pixel footprint among e-commerce advertisers as a key factor [3] Group 2 - AppLovin Corporation is focused on building a software-based platform for advertisers to enhance marketing and monetization of content [4]