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 (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.