"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. However, the software company's better-than-expected quarterly reports this year have given the stock a boost. The stock hit a new high of $745.61 in September. AppLovin stock may be taking another run at that high and is now 83.0% higher than a year ago, outperforming the S&P 500 and the Nasdaq"
"These days, the company focuses on providing software solutions that enhance the marketing and monetization of online advertisers. With AppLovin, there are certainly catalysts worth considering, and we'll get to those shortly. It continues to benefit from the strong secular growth trends that investors are seeking increased exposure to. As investors continue to pile into such stocks, retail investors appear eager to gain outsized exposure in anticipation of a continued boom."
"It is worth remembering that AppLovin experienced a drawdown of more than 90% from its post-pandemic high in 2021. So, is this stock headed for further declines, or is its momentum sustainable? Let's dive into some catalysts and price predictions around where this stock could go for the rest of 2025 through to the end of this decade. Three Key Drivers for AppLovin"
AppLovin's share price fell over 35% after a February high due to a pending class action lawsuit and short-seller reports, then rebounded on better-than-expected quarterly results. The stock reached $745.61 in September and is 83.0% higher than a year ago, outperforming major indices. Since the 2021 IPO, the share price is 1,078.8% higher. The company provides software solutions for marketing and monetization of online advertisers and benefits from secular growth trends. The stock experienced a more than 90% drawdown from its post-pandemic 2021 high. Analysts have issued warnings and some maintain Neutral ratings.
Read at 24/7 Wall St.
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