Wall Street analysts predict significant gains in technology stocks like AppLovin and MongoDB, bolstered by the rise of artificial intelligence (AI). The Nasdaq Composite has soared 875% over the last 20 years, with similar future returns likely.
AppLovin (APP) boasts a median target price of $470, indicating a 40% upside from its current $335. The company excels in adtech, using its AI-driven Axon engine to optimize advertising campaigns. With first-quarter revenue up 40% and a projected 53% earnings growth through 2026, AppLovin presents a compelling investment opportunity.
MongoDB (MDB) shows a 34% upside, targeting $275 from its current $205. As a leading document database, it supports diverse data types, making it vital for AI applications. With a 22% revenue increase and robust customer growth, MongoDB is poised to outpace competitors in a growing market, making it a strong investment as well.
Investors should consider initiating positions in these promising stocks.
Source link
