AppLovin is Officially the New Target of Short Sellers
AppLovin faces significant scrutiny from short sellers alleging various wrongdoing as its stock experiences volatility despite previous high valuations.
AppLovin is Officially the New Target of Short Sellers
AppLovin faces significant scrutiny from short sellers alleging various wrongdoing as its stock experiences volatility despite previous high valuations.
AppLovin Corp.'s share price fell over 35% after hitting $525.15 in February but is now 53.9% higher than 90 days ago and 356.6% higher than last year.
Citi's note today clearly gave the stock a boost. The bank reaffirmed AppLovin as a top pick heading into its second-quarter results, saying that it expects the company's results to be toward the high end of its guidance range.
AppLovin's stock price has surged 613.9% since going public in 2021, fueled by its AI-powered advertising solutions and expansion into e-commerce advertising.
3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade
AppLovin is a promising long-term play on the AI-driven mobile advertising market, expected to see significant growth in revenue and earnings over the next decade.
A key concern in the Muddy Waters Research report is the allegation that AppLovin creates persistent identity graphs, violating platform terms of service.
Applovin offers a stunning 379% return over the past year through its AI-driven ad solutions, but recently faced a stock decline, raising investor concerns.