AppLovin Corporation Price Target Increased to $820 with 78.67% Upside

AI Summary

Citi analyst Jason Bazinet raised AppLovin Corporation's (NASDAQ: APP) price target to $820 on March 16, indicating a potential upside of 78.67% from current levels. This revised target is close to the highest upside estimate of 87% from 32 analysts. Bank of America also maintains a Buy rating with a price target of $705 set on March 9. The increase in institutional ownership reflects growing investor confidence in AppLovin, which operates AI-powered advertising solutions. The company has been identified as a beneficiary of trends in AI and digital advertising.