APP's Shopify push could sharpen AXON with transaction data, expand merchant adoption and fuel an e-commerce growth flywheel in late 2026.

AppLovin (APP) shares opened lower on August 21st after a senior Piper Sandler analyst – James Callahan – issued a dovish note in favor of the mobile technology company. Callahan maintained his Neutral rating on APP this morning and reduced his price target to $325, which does not represent a meaningful upside from its previous close.

AppLovin Corp (NASDAQ:APP) faces a mostly negative investor mood heading into the back half of the year, with few able to make a clear bullish case, according to a new Jefferies note summarizing recent investor conversations and a debate the firm hosted on the stock. Jefferies said questions about whether AppLovin could follow a trajectory similar to The Trade Desk's downturn represent the most negative line of questioning the firm has received in its years covering the company.

AppLovin Corp (NASDAQ:APP) faces a mostly negative investor mood heading into the back half of the year, with few able to make a clear bullish case,...

Abacus FCF Advisors LLC acquired a new position in AppLovin Corporation (NASDAQ: APP) in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,838 shares of the company's stock, valued at approximately $9,706,000. AppLovin makes up 1.8%

CoreWeave currently demonstrates stronger absolute revenue generation than AppLovin, having surpassed its counterpart's quarterly totals during recent reporting periods. Both companies have posted consistently higher revenue year over year across the entire observed timeline, with CoreWeave showing steeper quarter-over-quarter upward growth.

AppLovin demonstrates massive profitability and growth through its AI-powered advertising platform. Kratos Defense & Security Solutions maintains a critical role in unmanned systems and satellite communications for the military.

SK Hynix is a dominant leader in high-bandwidth memory crucial for the artificial intelligence hardware market. AppLovin leverages proprietary AI technology to automate and optimize mobile advertising for global developers.

AppLovin (APP) remains a high-conviction buy despite a disappointing Q2 2026, with robust catalysts for valuation recovery in 2H26. Q2 revenue and EBITDA missed guidance, but AXON 2.0 self-serve GA and e-commerce onboarding in Q3 are expected to drive reacceleration. APP's expansion into e-commerce and Connected TV materially broadens TAM, supporting a $537 target price and 70% upside potential.

In this video, I will cover DLocal and Nu's latest earnings reports and share my thoughts on another strong week for AI stocks, including Nebius (NBIS -7.60%) and CoreWeave. Watch the short video to learn more, consider subscribing, and click the special offer link below.