Growth platform AppLovin (NASDAQ:APP) is launching an NFT marketplace in app stores to enable the integration of non-fungible tokens (NFTs) into mobile games. The move will help mobile game developers boost engagement as well as revenue.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
With this marketplace, users can buy, sell or trade NFTs and convert earnings into cash.
Is APP a Good Stock to Buy?
While AppLovin Stock has declined nearly 71.2% over the past year, analysts remain Bullish, with a Strong Buy consensus rating backed by 12 unanimous Buys for the stock.
Further, the average APP price target of $56.50 implies a mouth-watering upside potential of 173.34% for the stock.
