Needham Thinks This Tech Stock Could Be the Next TikTok. Should You Buy It Here?

Mobile technology company AppLovin Corporation (APP) has caught the attention of Needham analyst Bernie McTernan, who upgraded the stock from “Hold” to “Buy” with a price target of 700.Theanalystcitedthecompanysadditionalworkonitsecommerceoperationstopropelitsecommercerevenuegrowththisyear.Inaddition,McTernanraisedthe2026ecommercerevenueestimatefrom700. The analyst cited the company’s additional work on its e-commerce operations to propel its e-commerce revenue growth this year. In addition, McTernan raised the 2026 e-commerce revenue estimate from 1.05 billion to $1.45 billion, assuming growth in advertisers from its self-service launch and increased expenditures. Mor ...

Needham Thinks This Tech Stock Could Be the Next TikTok. Should You Buy It Here? - Reportify