They had a great quarter.

One of the biggest IPOs of the year, but volatile like many IPO's. Since then, share have fallen from $81 to $55 as original shareholders sell in the obligatory lock-up period. They just reported a strong quarter: 123% revenue growth. It rallied 8.5% the next day, then lost all those gains. Why? The company didn't raise its full-year forecast, and some investors worried about Apple's privacy rules that make it hard for companies to do targeted advertising, but this doesn't even effect APP-Q. In the near future, the lock-up period will end, freeing more shares. APP offers strong growth and terrific margins. Buy on dips.
They make software tools for mobile app developers. When they IPO'd in April, it was a dud. Within a month, it tumbled below $50, but recently the market has embraced tech stocks again, so this rebounded to $81. They have a lot going for it. They now have 200 apps including popular mobile games like Project Makeover and Bingo Story, with over 40 million daily active users, plus tech tools like a monetization platform for app developers and a machine-learning platform. They recently bought a company that mobile advertisers track the effectiveness of their marketing campaigns. Their various businesses synergize each other. Further, they acquire mobile games often and synergize well. It's a play on a rapidly growing segment of the economy. 2018-2020, they boasted 73% annual compound revenue growth. Their third-party software business grows at 90%. Caveat: The stock isn't cheap, and IPO offered few shares, so this will get hammered when the lock-up period ends, but that's a buying opportunity. Leave room to add on weakness.
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AppLovin Corporation(APP-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for AppLovin Corporation is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

AppLovin Corporation(APP-Q) Frequently Asked Questions

What is AppLovin Corporation stock symbol?

AppLovin Corporation is a American stock, trading under the symbol APP-Q on the NASDAQ (APP). It is usually referred to as NASDAQ:APP or APP-Q

Is AppLovin Corporation a buy or a sell?

In the last year, 1 stock analyst published opinions about APP-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for AppLovin Corporation.

Is AppLovin Corporation a good investment or a top pick?

AppLovin Corporation was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for AppLovin Corporation.

Why is AppLovin Corporation stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is AppLovin Corporation worth watching?

1 stock analyst on Stockchase covered AppLovin Corporation In the last year. It is a trending stock that is worth watching.

What is AppLovin Corporation stock price?

On 2024-06-18, AppLovin Corporation (APP-Q) stock closed at a price of $80.84.