Jan. 10 at 3:28 PM
$APP Benchmark's designation of AppLovin as a 2026 top idea drove renewed investor enthusiasm.
On January 6, 2026, Benchmark analysts reiterated a Buy rating with a
$775 price target, spotlighting AppLovin's robust gaming revenue growth and expanding AI-powered advertising platform, AXON, which is gaining traction in web and e-commerce sectors. This note emphasized the company's 98% revenue surge, high margins, and potential for scaling with minimal costs, attracting buyers amid broader tech sector recovery. By January 9, trading volume spiked as investors built positions ahead of Q4 earnings in February, extending the positive momentum from the analyst endorsement and contributing to the sharp intraday advance.
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