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AppLovin Corporation (NASDAQ:APP) is one of the 8 Best Large Cap Stocks to Invest In Right Now. On April 13, BofA Securities reiterated its Buy rating with a price target of $705 on AppLovin Corporation (NASDAQ:APP). The research firm sees AppLovin Corporation (NASDAQ:APP) as a “show me story” as investors wait for signs of inflection in ecommerce.

Recent data from Northbeam has not shown meaningful Axon wallet-share gains since January, which appears to be holding back investor confidence.

BofA Securities pointed to the May results as the next important catalyst for the stock if the results can show that advertisers from the October cohort are increasing their spending on a per-advertiser basis. This could strengthen confidence in AppLovin Corporation’s (NASDAQ:APP) e-commerce strategy ahead of the general rollout of its self-serve platform.

Earlier, on April 9, Macquarie initiated coverage of AppLovin Corporation (NASDAQ:APP), assigning the stock an Outperform rating and setting the price target at $710. Macquarie analyst Aaron Lee said that the company’s move into e-commerce is “an attractive, multi-year growth opportunity.” The firm sees the total addressable market at $120 billion, with the potential to reach $180 billion by 2030.

Macquarie also pointed out that channel checks suggest AppLovin Corporation (NASDAQ:APP) has built a solid and competitive advertising solution ahead of its full e-commerce launch in the first half of 2026.

AppLovin Corporation (NASDAQ:APP) is an American technology company that offers end-to-end software and AI solutions for businesses of all sizes to reach, monetize, and grow their audiences.

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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