AppLovin Corporation (NASDAQ:APP) is one of the The best young stocks to buy and hold for 20 yearss. On March 11, William Blair reiterated his Outperform rating on AppLovin Corporation (NASDAQ:APP) without revealing any price targets.
The company reiterated bullish sentiment on the stock after the AppLovin investor meeting. CEO Adam Foroughi, CFO Matt Stumpf and head of investor relations David Hsiao fielded investor questions about the opportunities and threats of AI, the growth of non-gaming advertising and the company’s growth prospects.
Management highlighted that recent market concerns regarding Meta’s competitive threats are not indicative of reality. CEO Foroughi expressed confidence in current business trends and expects them to remain strong. He also highlighted that share buybacks remain an attractive opportunity for cash deployment. Additionally, addressing questions about AI threats, Foroughi noted that AI remains a long-term tailwind rather than a threat.
AppLovin Corporation (NASDAQ:APP) develops and operates a mobile marketing platform offering AppDiscovery, MAX, Adjust and SparkLabs. The company’s software-based platform is targeted at mobile app developers to enhance app marketing and monetization.
While we recognize APP’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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