Citi Boosts AppLovin Corporation (APP) Price Target to $335 on Strong AI-Driven Q3 Performance and Raised 2026 Forecasts

Insider Monkey11-21

We recently compiled a list of the 15 AI News Shaping Wall Street Today. In this article, we are going to take a look at where AppLovin Corporation (NASDAQ:APP) stands against the other AI stocks that...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485817496?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/9pTaCkFTJf1Ddm0q6Cz3dA--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/9bbb89ebaabf3d70fdba695a6a72a8ca","is_english":true,"pubTime":"2024-11-21 06:05","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2485817496","market":"us","top_or_hot":-1,"title":"Citi Boosts AppLovin Corporation (APP) Price Target to $335 on Strong AI-Driven Q3 Performance and Raised 2026 Forecasts","media":"Insider Monkey","content":"<div>\n<p>We recently compiled a list of the 15 AI News Shaping Wall Street Today. In this article, we are going to take a look at where AppLovin Corporation (NASDAQ:APP) stands against the other AI stocks that...</p>\n\n<a href=\"https://finance.yahoo.com/news/citi-boosts-applovin-corporation-app-220503392.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Boosts AppLovin Corporation (APP) Price Target to $335 on Strong AI-Driven Q3 Performance and Raised 2026 Forecasts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Boosts AppLovin Corporation (APP) Price Target to $335 on Strong AI-Driven Q3 Performance and Raised 2026 Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 06:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/citi-boosts-applovin-corporation-app-220503392.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 15 AI News Shaping Wall Street Today. In this article, we are going to take a look at where AppLovin Corporation (NASDAQ:APP) stands against the other AI stocks that...</p>\n\n<a href=\"https://finance.yahoo.com/news/citi-boosts-applovin-corporation-app-220503392.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APP","symbol_name":"AppLovin Corporation","start_time":0,"source_url":"https://finance.yahoo.com/news/citi-boosts-applovin-corporation-app-220503392.html","article_id":"2485817496","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9pTaCkFTJf1Ddm0q6Cz3dA--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/9bbb89ebaabf3d70fdba695a6a72a8ca"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485817496","pubTimestamp":1732140303,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In recent news reported by Reuters, a U.S. congressional commission proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as smart, or even smarter, than humans. The proposition is amid the intensifying competition from China over advanced technologies.\"We've seen throughout history that countries that are first to exploit periods of rapid technological change can often cause shifts in the global balance of power. China is racing towards AGI ... It's critical that we take them extremely seriously”。Helberg, while recognizing that energy infrastructure is a significant bottleneck for training large AI models, suggests that streamlining the permitting process for data centers is one way of enabling a public-private partnership that could accelerate AI development.READ NEXT: 15 AI News Making Waves Right Now and 10 AI News Investors Can’t Afford to Miss. A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"APP":"AppLovin Corporation"},"translate_title":"由于人工智能驱动的第三季度业绩强劲，花旗将AppLovin Corporation(APP)目标股价提高至335美元，并上调了2026年预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APP":1},"content_text":"We recently compiled a list of the 15 AI News Shaping Wall Street Today. In this article, we are going to take a look at where AppLovin Corporation (NASDAQ:APP) stands against the other AI stocks that are shaping Wall Street today.\nIn recent news reported by Reuters, a U.S. congressional commission proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as smart, or even smarter, than humans. The proposition is amid the intensifying competition from China over advanced technologies.\n\n\"We've seen throughout history that countries that are first to exploit periods of rapid technological change can often cause shifts in the global balance of power. China is racing towards AGI ... It's critical that we take them extremely seriously”\n- Jacob Helberg, a USCC commissioner told Reuters\n\nHelberg, while recognizing that energy infrastructure is a significant bottleneck for training large AI models, suggests that streamlining the permitting process for data centers is one way of enabling a public-private partnership that could accelerate AI development.\nREAD NEXT: 15 AI News Making Waves Right Now and 10 AI News Investors Can’t Afford to Miss\nThis news follows a rumor that artificial intelligence models are hitting a “wall”. Separate sources, including Reuters, The Information, and Bloomberg, have reported that companies such as OpenAI are failing in their next endeavors. Unnamed sources have claimed that OpenAI’s Orion is “so far not considered to be as big a step up from OpenAI’s existing models as GPT-4 was from GPT-3.5.”\nHowever, OpenAI is pushing back on these rumors, stating that there is “no wall”. Despite having not reached a wall, analysts do admit that it’s possible to have reached a turning point.\n\n“We haven’t seen a breakthrough model in a while. Part of it is that we’ve exhausted all the human data, and so just throwing more compute at the same data may not yield better results.”\n- Gil Luria, managing director at investment group D.A. Davidson\n\nGary Marcus, NYU professor emeritus and outspoken critic of AI hype, has this to say:\n\n“The economics are likely to be grim. LLMs will not disappear, even if improvements diminish, but the economics will likely never make sense…”\n\nFor this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software-based platform. \nAppLovin Corporation (NASDAQ:APP)\nNumber of Hedge Fund Holders: 51\nAppLovin Corporation (NASDAQ:APP) is a technology company leveraging its AI-powered platform to provide targeted, automated marketing solutions.\nOn Monday, November 18, Citi raised the firm’s price target on AppLovin Corporation (NASDAQ:APP) to $335 from $185 and kept a “Buy” rating on the shares.  After the firm delivered strong Q3 results driven largely by artificial intelligence, the firm is rolling its valuation forward from 2025 to 2026. Moreover, it has also raised its free cash flow per share estimate in 2026 to $9.13 from $7.41 due to higher ad revenue expectations.\nOverall APP ranks 11th on our list of the AI stocks that are shaping Wall Street today. While we acknowledge the potential of APP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than APP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485817496"}