Stifel Boosts AppLovin Corporation (APP)'s Price Target to $435, Citing AXON 2.0 and E-Commerce Expansion

Stocks and Investing Stocks and Investing

Wed, December 11, 2024

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Stifel Boosts AppLovin Corporation (APP)'s Price Target to $435, Citing AXON 2.0 and E-Commerce Expansion

_{//stocks-investing.news-articles.net/content/202 .. 35-citing-axon-2-0-and-e-commerce-expansion.html}
^{Published in Stocks and Investing on Sunday, December 8th 2024 at 11:41 GMT by MSN}

We recently compiled a list of the 10 AI News Taking Wall Street by Storm. In this article, we are going to take a look at where AppLovin Corporation (NASDAQ:APP) stands against the other AI stocks that are taking Wall Street by storm.

Stifel has raised its price target for AppLovin Corporation (NASDAQ: APP) to $43.50 from $38, citing the company's advancements with Axon 2.0, its AI-based engine, and its expansion into e-commerce. The upgrade reflects optimism about AppLovin's strategic moves to enhance its software platform, which now includes better ad targeting and optimization capabilities. Additionally, AppLovin's push into e-commerce is seen as a significant growth driver, leveraging its technology to offer personalized shopping experiences. The firm's analysts believe these developments will help AppLovin capture a larger market share in the mobile advertising and e-commerce sectors, justifying the increased price target.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/stifel-boosts-applovin-corporation-app-s-price-target-to-435-citing-axon-2-0-and-e-commerce-expansion/ar-AA1vufY1 ]

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