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AppLovin (APP) Reaffirmed as Top Pick by Citi Ahead of Q2 Earnings

AppLovin (APP) Reaffirmed as Top Pick by Citi Ahead of Q2 Earnings

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Applovin Corporation (NASDAQ:APP) is one of the Best Non-Mega Cap NASDAQ Stocks to Buy Right Now. Applovin Corporation (NASDAQ:APP) shares jumped on Monday after Citi reiterated the stock as a top pick heading into the company's second-quarter earnings report, scheduled for August 6. The firm reaffirmed its Buy rating and maintained a $600 price target, citing confidence in AppLovin's performance and outlook.
In a note to clients, Citi said it expects second-quarter results to come in at the high end of management's guidance ranges. The firm also highlighted strength in AppLovin's software platform and monetization strategy as key drivers of momentum heading into the second half of 2025 and into 2026.
Citi's note emphasized that tailwinds from AI-driven ad targeting and growing demand for mobile app optimization tools continue to support revenue acceleration. With solid execution and rising visibility into long-term growth, Applovin Corporation (NASDAQ:APP) remains well-positioned in a competitive digital ecosystem.
The company's upcoming earnings report will be closely watched for further signs of momentum, as investors look for confirmation of Citi's bullish stance and any upward revisions to guidance.
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. READ NEXT: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
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