Raymond James Chief Investment Officer Larry Adam expects market resilience to continue in the second half of 2026, citing economic strength and healthy fundamentals that supported equities through a turbulent first half. Against that backdrop, the firm highlights two Strong Buy-rated stocks. First Industrial Realty, a pure-play industrial REIT with 424 properties and over 71 million square feet of leasable space, reported first-quarter revenue of $194.8 million, up 10% year-over-year, and analyst Dave Rodgers sees accelerating funds from operations and net asset value growth through 2028, setting an $83 price target that implies 35% upside. AppLovin, a digital advertising platform expanding from mobile gaming into e-commerce, posted $1.84 billion in first-quarter revenue, a 59% year-over-year gain, and analyst Andrew Marok points to a durable 20–30% core ads growth rate and best-in-class financial profile, with a $640 price target suggesting 24% upside. The broader analyst consensus rates First Industrial Realty a Moderate Buy with an average target of $68.09, while AppLovin earns a Strong Buy consensus and an average target of $661.95.
Applovin CorpAppLovin posted 59% revenue growth driven by strong core ads demand, with analyst highlighting durable 20-30% growth rate.
First Industrial Realty Trust Inc
Raymond James Financial Inc.