AppLovin (APP) Stock Surges After Upgrade to "Strong-Buy" - Find Out Why

Shares of AppLovin (NASDAQ: APP) rose 3.3% after Scotiabank upgraded the stock to “strong-buy,” citing strong growth prospects. The company passed the Rule of 40 metric for software investors. The shares settled at $356.45, up 3.3% from the previous close. AppLovin’s volatility remains high, with 62 moves greater than 5% in the last year. The stock is up 4.3% YTD but still 30.1% below its 52-week high. Investors who bought $1,000 worth of shares at the IPO in April 2021 would now have an investment worth $5,467. Consider special free report on promising enterprise software stock.

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