When the market starts to get choppy and blurry, as it is right now, as seen in the recent swings in the S&P 500, investors can greatly benefit from digging into the biggest and most defined trends in the macro image for the market since some of the volatility might not even get into those areas or at least be significantly compressed due to high conviction views.
Shares of AppLovin (APP 7.79%), the volatile adtech stock, gained today after the company upgraded its share buyback program in a filing after hours on Friday.
The Rise And Fall Of AppLovin: Why I'm Buying The Dip
AppLovin (APP 1.64%) might not be a household name, but the stock has exploded over the last few years.
Shares of AppLovin (APP 2.57%) fell 22% this week as of Friday at 3:10 p.m. ET, according to data from S&P Global Market Intelligence.
AppLovin (APP) could produce exceptional returns because of its solid growth attributes.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Recently, Zacks.com users have been paying close attention to AppLovin (APP). This makes it worthwhile to examine what the stock has in store.
Prior to the broader market selloff over the last week, AppLovin (APP) had been one of the hottest stocks this year.
The stock has slid following two short seller reports, whose allegations the company denies.
AppLovin's stock has dropped over 26% due to short reports, but management's quick rebuttal and positive professional market sentiment are reassuring. BofA has set a $580 price target, highlighting APP's strong positioning and growth potential in the mobile ad market. I still believe that as AppLovin divests its Apps business to focus on high-margin advertising, its aim for a 79% adjusted EBITDA margin in FY2025 is likely to come true.
Brinker International, AppLovin and Phibro Animal Health have been selected as the momentum picks for the day using the Driehaus strategy.