Growth stocks may not be the first thing on your mind right now, and I get it. Most growth plays are tied to tech or software, sectors that have faced immense pressure amid recession fears and a brutal tech selloff sparked by Big Tech's disappointing results.
AppLovin's (APP) second-quarter 2024 earnings and revenues are likely to increase year over year.
AppLovin Corp. will report earnings on August 7th after markets close, and is expected to continue showcasing strong growth amidst its AI-driven turnaround. Despite a mixed ad spend landscape, AppLovin is positioned for growth with high-margin products and strong earnings growth. Valuation indicates potential upside for AppLovin, with expectations of at least 20% top-line growth through FY25 and a conservative valuation multiple.
AppLovin Corporation is expected to reach $110 per share in the near future, making it a promising investment opportunity. The author discusses the strict investment strategy of buying and holding stocks, emphasizing the importance of removing emotions from investing decisions. AppLovin's dual-segment strategy, strong revenue growth rates, and undervaluation make it a compelling investment choice despite market skepticism.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for AppLovin (APP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
AppLovin (APP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AppLovin (APP) closed at $76.85 in the latest trading session, marking a -0.88% move from the prior day.
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AppLovin (APP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Given the recent surge in AppLovin (APP) shares, we evaluate the stock's current position to determine how to play it now.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.