"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 recovered. The stock recently hit a new high of $745.61. Compared to a year ago, AppLovin stock is 318.1% higher, far outperforming the S&P 500 and the Nasdaq in that time."
"Since the company went public in 2021, its share price is up 944.1%. 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? 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 reached an all-time high of $525.15 in February, then tumbled over 35% amid a pending class action lawsuit and short-seller reports before recovering after a better-than-expected first-quarter report to hit $745.61. The stock is 318.1% higher versus a year ago and up 944.1% since its 2021 IPO. The company provides software solutions for marketing and monetization for online advertisers and benefits from secular growth trends attracting retail investors. AppLovin previously experienced a drawdown exceeding 90% from its post-pandemic 2021 peak. Analysts have expressed caution, with J.P. Morgan at Neutral and Needham at Hold.
Read at 24/7 Wall St.
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