AppLovin (APP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this mobile app technology company have returned +11.3% over the past month versus the Zacks S&P 500 composite's +4.8% change. The Zacks Technology Services industry, to which AppLovin belongs, has gained 7.4% over this period. Now the key question is: Where could the stock be headed in the near term?While media r ...

Luis Alvarez/DigitalVision via Getty Images I first wrote about AppLovin (NASDAQ: NASDAQ:APP) a few weeks after it reported its fourth quarter 2023 earnings on February 14, 2024, and I initiated my coverage with a buy. Since that buy call, the stock has been up around 41% compared to the S&P 500 (SPX), which only rose 4.51%. The company recently reported its first quarter 2024 results on May 8, beating analysts' revenue estimates by approximately 9% and analysts' Generally Accepted Accounting Principles ...

AppLovin is on an epic sprint, and it could have the legs to keep going.After toying for years with various digital advertising software stocks, I've finally landed on one I think is a winner: AppLovin (APP -0.89%). Nvidia may have (quite rightfully) captured the spotlight on Wall Street and catapulted itself into a spot among the largest companies in the world, but the GPU maker isn't the only business winning from the artificial intelligence (AI) race.Unlike some of the other businesses that like to flaun ...

Shares of the app-promoting platform look less appealing than those of the publisher-minded advertising middleman PubMatic.Up more roughly 700% since the end of 2022, AppLovin (APP -0.89%) stock might look a bit intimidating to jump into now. There may not be enough near-term upside left to tap, while the potential for profit-taking is huge.If you're not keen on AppLovin and feel like you've missed the easy gains with it, but are  interested in plugging into the same core craze that catapulted AppLovin shar ...

The U.S. business services space has been benefiting from the strong fundamentals of the economy. Despite facing a record-high interest rate and extremely tight monetary control by the Fed, this sector has provided double-digit returns in the past year.Within this sector, the technology services industry is mature, with demand for services in good shape. Revenues, income and cash flows are anticipated to gradually reach the pre-pandemic levels, aiding most industry players to pay out stable dividends.Growth ...

Despite AppLovin's torrid spike over the past year, investors continue to underestimate the AI-powered app discovery and digital-advertising platform.There's no denying that recent advances in artificial intelligence (AI) have been a game changer for companies able to successfully harness the power of these next-generation algorithms. App discovery platform AppLovin (APP -3.39%) certainly falls into that category.The company's AI-fueled platform, which targets digital advertising and helps app developers ge ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

AppLovin (APP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this mobile app technology company have returned +20.9% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Technology Services industry, to which AppLovin belongs, has gained 1.6% over this period. Now the key question is: Where could the stock be headed in the near term?While me ...

AppLovin has been one of the biggest beneficiaries of AI.Shares of AppLovin (APP -0.07%) jumped following its first-quarter earnings report, which saw the adtech company's revenue surge 48% to $1.06 billion. The stock has been one of the market's standout performers over the past year, up nearly 400%.Let's look at what has been driving the company's success, if it can continue, and whether it is too late to buy the stock.Impressive Q1 resultsAppLovin's fortunes changed for the better after the company relea ...

AppLovin (APP) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.Analysts' growing optimism on the earnings prospects of this mobile app technology company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near- ...