"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 is again trading near that high and is 121.8% higher than a year ago, outperforming the S&P 500 and the Nasdaq in that time."
"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. For instance, analysts covering AppLovin have not been as bullish on the company as many may think, having issued warnings about the stock in the past year due to concerns about the company's fundamentals. However, Benchmark and Jefferies recently maintained their Buy ratings on the shares."
AppLovin's share price reached $525.15 in February, then dropped more than 35% following a pending class action lawsuit and short seller reports. Better-than-expected quarterly results helped the stock rebound and reach a $745.61 high in September, leaving it about 121.8% higher year-over-year and far above broader indices. Since the 2021 IPO, the share price is roughly 1,097% higher, though the company endured a post-pandemic drawdown exceeding 90%. The business focuses on software for marketing and monetization of online advertisers. Analysts remain mixed, with some warnings about fundamentals while Benchmark and Jefferies kept Buy ratings. Questions remain about momentum sustainability and future price catalysts through 2025 and beyond.
Read at 24/7 Wall St.
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