AppLovin, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Bernie McTernan from Needham maintained a Buy rating on the stock and has a $700.00 price target.
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Explore APPX for 2X leverage on APPBernie McTernan has given his Buy rating due to a combination of factors tied to accelerating ecommerce advertising trends on AppLovin’s platform. His proprietary tracker shows a notable step-up in month-over-month growth, corroborated by third-party data, while the number of advertisers using APP’s pixel has expanded meaningfully, signaling rising adoption and engagement.
Looking ahead, he expects the planned rollout of broad self-service tools by the first half of 2026, alongside Gen-AI-powered video creation, to further enhance advertiser performance and conversion rates. He also views the new partnership with STGW as a strategic positive that can bring in higher-quality brands and help AppLovin extend beyond gaming into a wider range of web-based advertising verticals, supporting sustained growth and monetization.
McTernan covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Flutter Entertainment PLC, and Rush Street Interactive. According to TipRanks, McTernan has an average return of 0.1% and a 40.96% success rate on recommended stocks.
In another report released on March 9, Bank of America Securities also reiterated a Buy rating on the stock with a $705.00 price target.