Needham Upgrades AppLovin (APP) to Buy on Ecommerce Growth Inflection
AppLovin Corporation (NASDAQ:APP) is one of the AI Stocks in Focus on Wall Street. On January 26, Needham analyst Bernie McTernan upgraded the stock from Hold to Buy with a price target of $700.00. The firm sees ecommerce growth inflection in 2026, with potential for further upside along a trajectory similar to TikTok’s. It noted how the upgrade on AppLovin to Buy reflects its additional work on ecommerce, reinforcing confidence in the trajectory of ecommerce revenue growth in ’26E. This comes at the same ...