Next-generation adtech company AppLovin (APP 1.51%) saw its shares land in positive territory on Thursday, thanks in no small part to a price target raise from a prominent bank. The specialty tech company's shares saw a nearly 2% lift as a result, on a day when the S&P 500 index sank by 0.4%.
AppLovin delivered strong Q2 results, with the sale of the Apps business helping to highlight the strength of AppLovin's Advertising business. AppLovin has been throttling the growth of its ecommerce business while it builds out a full portfolio of solutions. The opening up of AppLovin's platform in the coming quarters, along with seasonal strength, should see AppLovin's growth remain robust in...
AppLovin beat Q2 expectations with $1.26B in revenue (+77% YoY) and a 20% EPS beat, proving its powerful execution and continued market dominance. The company's core gaming ads business provides a strong foundation, but the real growth story lies in its strategic expansion into e-commerce and other verticals. The upcoming AXON ads manager launch and expansion into e-commerce/web advertising cou...
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After hitting an all-time high of $525.15 in February, AppLovin Corp.'s (NASDAQ: APP) share price tumbled more than 35% due to a pending class action lawsuit and to short seller reports.
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