The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

AppLovin Corporation (NASDAQ:APP) is one of the high-growth large-cap stocks to invest in now. On June 10, Benchmark reiterated a Buy rating on AppLovin Corporation (NASDAQ:APP)and a $775 price target. The research firm remains bullish on the stock, impressed by the company’s prospects in its consumer advertising business.

alphaspirit/Shutterstock.com

A recent investor presentation affirmed management’s confidence in the consumer advertising business, which appears to be in the early stages of growth. Management is projecting a general availability milestone by the end of the second quarter that will expand functionality and advertiser accessibility. In addition, management has embarked on a discipline rollout strategy as it also pursues share expansion opportunities.

The company is also well-positioned across multiple long-term growth vectors on both the demand and supply sides of the business. Consequently, management remains optimistic about the company’s long-term growth prospects. In May, Piper Sandler reiterated an Overweight rating on the stock and raised the price target to $665 from $650. The price target hike is in response to the largest revenue beat in four quarters, affirming strong financial performance.

AppLovin Corporation (NASDAQ:APP) is a global technology company that provides AI-powered software and advertising solutions to help businesses connect with their target audiences, monetize apps, and grow their reach.

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.

READ NEXT: 12 High-Growth Micro-Cap Stocks to Buy Now and 10 Best Long-Term Stocks to Invest In According to Bill & Melinda Gates Foundation Trust.

Disclosure: None. Follow Insider Monkey on Google News.