AppLovin (APP) stock continued its losing streak into the new year, dropping 8% in the first trading session of 2025 and down over 15% from its December high. Despite the technical breakdown, the company reported a 17% increase in revenue to $1.41 billion in the latest quarter, showcasing the strength of its AI-powered ads platform. Options data suggests further upside potential with a near-25% move expected by April 17. Wall Street analysts also maintain a “Strong Buy” rating on APP shares, with a mean target of $723 – indicating over 15% potential upside.

Read more at Barchart: AppLovin Stock Just Plunged Below a Key Support Level. Should You Buy the Dip?