AppLovin Corporation (NASDAQ:APP) upgraded to Buy with a $700.00 price target by Needham analyst Bernie McTernan on January 26. The firm sees potential for ecommerce growth in 2026, similar to TikTok’s trajectory. Despite higher estimates, there is potential for upside under a bull case scenario. Needham raised ecommerce estimates reflecting expectations of sequential growth in the first quarter. AppLovin offers a leading marketing platform powered by AI technology. While acknowledging APP’s potential, Needham believes other AI stocks offer greater upside potential and less downside risk. For more on AI stocks, check out Insider Monkey’s reports on the best short-term AI stock, AI stocks on the market radar, and AI stocks analysts are watching. No disclosures provided.

Read more at Yahoo Finance: Needham Upgrades AppLovin (APP) to Buy on Ecommerce Growth Inflection