AppLovin Corporation (NASDAQ:APP) is a top communication services stock favored by Hedge Funds. BTIG analyst Clark Lampen reiterated a Buy rating and raised the price target to $771, anticipating a 22% potential upside in 2026 due to strong user acquisition trends in gaming and gambling markets.

Mike Hickey of Benchmark & Co. also affirmed a Buy rating for AppLovin Corporation (NASDAQ:APP) with a revised target price of $775. The stock is considered a “Best Idea” due to profitability, sustainable margins, growth, and expansion of the total addressable market, driven by e-commerce and Gen AI creative.

AppLovin Corporation (NASDAQ:APP) connects advertisers with publishers globally through an AI-enabled software platform after divesting its mobile gaming segment. The company’s focus on the adtech space aims for lucrative margins and business scalability, with plans for international expansion and optimal spending on AI infrastructure.

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Read more at Yahoo Finance: AppLovin (APP) to Benefit from Sustainable Margins & User Acquisition Trends