"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 first-quarter report gave the stock a boost and it has mostly recovered. The share price is 21.3% higher than a month ago, despite pulling back marginally in the past week."
"Since the company went public in 2021, its stock price is up 719.3%. This has clearly been a top growth stock that investors have benefited from owning in recent years. AppLovin has been among the top tech stocks seeing a lot of love from the market, but is that still true with the recent overhang? These days, the company focuses on providing software solutions that enhance the marketing and monetization of online advertisers."
"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. As mentioned, AppLovin investors have to contend with plenty of news."
AppLovin's share price peaked at $525.15 in February before tumbling over 35% amid a pending class-action lawsuit and short-seller reports. A better-than-expected first-quarter report helped the stock mostly recover, pushing it 21.3% higher than a month ago and 442.2% higher than a year earlier. Since its 2021 IPO, the stock is up 719.3%. The company provides software for marketing and monetization of online advertisers and benefits from secular growth trends. Retail investors show strong interest. The stock previously experienced a drawdown of more than 90% from its post-pandemic 2021 high. Analysts have expressed concern about fundamentals and future momentum.
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