The optimism around artificial intelligence and many breakthrough technologies, including air taxis and quantum computing, is driving several growth stocks higher. Using TipRanks’ Stock Comparison Tool, we placed AppLovin (APP), Archer Aviation (ACHR), and Rigetti Computing (RGTI) against each other to find the growth stock with the highest upside potential, according to analysts.
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AppLovin Corporation (NASDAQ:APP) Stock
Ad tech company AppLovin provides AI-enhanced solutions that enable businesses to reach, monetize, and grow their audiences. The company recently reported market-beating second-quarter results, defying certain allegations made by three short sellers – Fuzzy Panda Research, Muddy Waters, and Culper Research.
AppLovin is witnessing strong demand for its artificial intelligence (AI)-powered technology that enables advertisers to target mobile game users more effectively. The company impressed investors with a 77% year-over-year growth in its Q2 revenue to $1.26 billion and a 168.5% jump in adjusted earnings per share (EPS) to $2.39.
Looking ahead, AppLovin stands to gain from the legal battle between Apple (AAPL) and Epic Games, as changes to the iPhone maker’s App Store monetization policies are expected to benefit mobile advertisers and app developers.
What Is the Target Price for AppLovin Stock?
Following the Q2 print, Loop Capital analyst Rob Sanderson reiterated a Buy rating on AppLovin stock with a price target of $650. The 5-star analyst highlighted that the company reported another beat-and-raise quarter, though somewhat more muted in terms of the magnitude of upside seen in recent quarters. Sanderson noted that the majority of the 9% sequential growth in Q2 revenue was driven yet again by gaming customers, as the company “methodically refines its offering for web-based (e-commerce) advertisers.” He views the Q3 revenue guidance as conservative.
Overall, AppLovin stock scores a Strong Buy consensus rating based on 17 Buys and three Hold recommendations. The average APP stock price target of $524.78 indicates about 20% upside potential from current levels. AppLovin stock has risen more than 35% year-to-date.
Archer Aviation (NYSE:ACHR) Stock
Archer Aviation is a maker of electric vertical takeoff and landing (eVTOL) aircraft. ACHR stock is flat on a year-to-date basis, but has rallied more than 163% over the past year due to the optimism around eVTOL technology.
The Trump administration’s executive order to accelerate VTOL development and commercialization, the announcement of multiple partnerships with major companies like United Airlines (UAL), and selection as the official air taxi service for the 2028 Los Angeles Olympics have bolstered Wall Street’s optimism about ACHR’s growth potential.
Archer Aviation is a pre-revenue company. It recently reported a larger-than-anticipated loss for Q2 2025 due to higher spending to support its growth. Nonetheless, Wall Street is optimistic about ACHR due to solid progress on key deals, including the UAE program, and its robust cash position of $1.7 billion that will enable growth investments.
Is ACHR a Good Stock to Buy?
In reaction to the Q2 results, Cantor Fitzgerald analyst Andres Sheppard reiterated a Buy rating on Archer Aviation stock with a price target of $13. The 4-star analyst is encouraged by ACHR’s plans to boost manufacturing and the production of the six additional aircraft (three of which are in final assembly), which management stated will “either be used for FAA Certification or initial commercialization deployment.”
Sheppard continues to expect the UAE to be the initial market for ACHR’s eVTOL commercialization, with the company reaffirming its timeline to commercialize in the fourth quarter of 2025. The analyst also cheered Archer Aviation’s expansion into hybrid VTOLs, which he believes will de-risk its business. Additionally, he continues to view the partnerships with the Department of Defense (DoD), United Airlines, and Stellantis (STLA) as important differentiators. He noted that ACHR now has the highest liquidity in the industry and has been gaining momentum by expanding its order book via its launch edition program, which aims to commercialize in select markets prior to FAA Certification. Sheppard is also optimistic about ACHR’s air taxi service deal for the LA 2028 Olympics.
With six Buys and two Holds, Wall Street has a Strong Buy consensus rating on TipRanks. The average ACHR stock price target of $12.06 indicates about 23% upside potential from current levels.
Rigetti Computing (NASDAQ:RGTI) Stock
Rigetti Computing, which boasts of being a pioneer in full-stack quantum-classical computing, recently reported underwhelming results for the second quarter of 2025. RGTI’s Q2 revenue declined by about 42% year-over-year to $1.8 million, while net loss per share increased to $0.13 from $0.07 in the prior-year quarter.
Despite the dismal results, RGTI remains upbeat about its growth opportunities in the lucrative quantum computing space. The company ended the second quarter with $571.6 million in cash, cash equivalents, and available-for-sale investments (with no debt), thanks to gross proceeds of $350 million from an equity offering completed in June. Rigetti is confident about the scheduled release of its 100+ qubit chiplet-based system at 99.5% median two-qubit gate fidelity before the end of this year.
Is RGTI Stock a Buy, Sell, or Hold?
Following the Q2 results, Benchmark analyst David Williams increased the price target for Rigetti Computing stock to $20 from $14 and reaffirmed a Buy rating, noting continued progress on the company’s chiplet-based scaling strategy. The 5-star analyst highlighted that the company remains on schedule to deliver its 100-qubit multi-chiplet QPU, an important milestone on the path to quantum advantage. He added that the recent release of the Cepheus-1 system successfully met the fidelity target while significantly reducing error rates. It marked the launch of the industry’s largest multi-chip quantum processor, establishing the scalability of Rigetti’s architecture.
Overall, Williams believes that these advancements strengthen Rigetti’s roadmap toward a 1,000+ qubit system. Although management continues to see a 3 to 4-year timeline to reach the quantum advantage threshold, Williams thinks that there are meaningful opportunities to generate revenue well ahead of these targets.
Rigetti Computing earns Wall Street’s Strong Buy consensus rating based on seven Buys and one Hold recommendation. The average RGTI stock price target of $18.71 implies 12.4% upside potential. RGTI stock has risen 9.1% year-to-date.
Conclusion
Wall Street is bullish about the growth prospects of AppLovin, Archer Aviation, and Rigetti Computing. Currently, analysts see higher upside potential in Archer Aviation stock than in the other two growth stocks. Investors need to bear in mind that Archer Aviation is a high-risk, high-reward investment, with strong prospects in the eVTOL aircraft space.