Benchmark Raises PT on AppLovin (APP) Stock

AppLovin Corporation (NASDAQ:APP) is one of the Top AI and Technology Stocks to Buy According to Hedge Funds. On December 11, Benchmark analyst Mike Hickey lifted the price target on the company’s stock to $775 from $700, while keeping a “Buy” rating. The firm believes that the company’s prospects have strengthened, thanks to the accelerating e-commerce traction and a clear roadmap to scale AXON Ads self-serve. Also, expansion of Gen AI creative capabilities and sustained margin durability are some of the ...