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Oppenheimer analyst Martin Yang maintains AppLovin (NASDAQ:APP) with a Outperform and lowers the price target from $560 to $490.
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As AI reduces software development costs, proprietary data and distribution networks become the primary competitive advantages for software companies. Companies like Palantir, CrowdStrike, and ServiceNow have built defensible moats through accumulated data and embedded customer operations, while others like Salesforce and Snowflake face disruption as AI commoditizes their traditional business models.
AppLovin (APP) stock fell as top analysts lowered price forecasts amid ongoing legal battles and slowing revenue growth.
With over 25% of S&P 500 stocks down 40% or more from their highs, the article identifies four undervalued tech stocks as bargain opportunities: Netflix benefits from recession-resistant streaming and advertising growth; Oracle offers leveraged exposure to cloud computing with a massive backlog; ServiceNow is well-positioned for agentic AI orchestration; and AppLovin trades at a cheap valuation with strong revenue and earnings growth.
Goldman Sachs analyst Eric Sheridan maintains AppLovin (NASDAQ:APP) with a Neutral and lowers the price target from $465 to $400.