Citi Adds “Upside 90-Day Catalyst Watch” on AppLovin Corporation (APP)

Citi Adds “Upside 90-Day Catalyst Watch” on AppLovin Corporation (APP) Noor Ul Ain Rehman Tue, June 9, 2026 at 7:25 PM GMT+2 2 min read APP AppLovin Corporation (NASDAQ: APP ) is one of the best NASDAQ stocks to buy and hold for 3 years .  Citi maintained a Buy rating on AppLovin Corporation (NASDAQ:APP) on June 1, adding an “upside 90-day catalyst watch” on the stock with a $710 price target. The firm told investors in a research note that it sees upside to estimates as the company’s e-commerce platform moves to general availability by June 30.

It added that the general rollout could result in store growth and e-commerce revenue acceleration. AppLovin Corporation (APP) Is A "Cash Flow Machine," Says Jim Cramer AppLovin Corporation (NASDAQ:APP) also received a rating update from JPMorgan on May 7, with the firm lifting the price target on the stock to $515 from $500 and maintaining a Neutral rating on the shares. The firm told investors in a research note that the company reported a Q1 beat and guided Q2 in line with expectations.

For reference, in its financial results for fiscal Q1 2026, AppLovin Corporation (NASDAQ:APP) reported revenue of $1,842 million, compared to $1,159 million in the prior year period. Net income for the quarter came up to $1,206 million, compared to $576 in the previous year period. AppLovin Corporation (NASDAQ:APP) develops and operates a mobile marketing platform, offering AppDiscovery, MAX, Adjust, and SparkLabs.

The company’s software-based platform caters to mobile application developers for improvements in marketing and monetization of applications. While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .

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