From Nasdaq: 2024-12-13 08:39:00

Zacks Equity Research analysts highlight AppLovin Corp.’s 748% stock price surge in 2024, outperforming the industry’s 54% rally. Competitors Alphabet Inc. and Meta Platforms also saw gains, but APP’s growth trajectory raises questions about entry points for investors.

AppLovin’s strong financial performance includes a 39% year-over-year revenue increase, 72% rise in adjusted EBITDA, and 300% net income growth. Despite potential risks, like slowed in-game advertising growth, APP’s technological advancements and strategic expansions position it well for continued success.

With a Zacks Rank #1 and strong liquidity, APP shows promising top and bottom-line prospects. Analysts predict a 314.3% earnings growth in 2024, 45.3% in 2025, and 40% and 21.8% sales growth in respective fiscal years. Rising estimates reflect confidence in APP’s financial performance and growth potential.

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Read more at Nasdaq: The Zacks Analyst Blog AppLovin, Alphabet and Meta