AppLovin (APP) saw a 20% drop in shares due to valuation and AI concerns, despite a strong Q4 showing with revenue up 66% to $1.66 billion and earnings beating estimates at $3.24 a share. Stock has fallen 45% since mid-January, presenting a potential buying opportunity for investors. With $2.49 billion in cash, APP stock is attractive with high gross margins and guidance for 60% earnings growth. Despite concerns, Q1 revenue estimates are promising. Options traders and analysts are bullish on APP, with a target price around $712, indicating potential upside of nearly 43%.

Read more at Yahoo Finance: Should You Buy the Dip in AppLovin Stock Today?