Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 11:AppLovin Corporation (APP) : This digital advertising platform provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.9% over the last 60 days.AppLovin's shares gained 287.9% over the last three months compared with the S&P 500’s advanced of 12.1%. The company possesses a Momentum Score of A.Century Aluminum Company (CENX) : This al ...

Marketers are getting great results with its products, driving higher revenue growth.AppLovin (APP -6.30%) delivered yet another quarter of fantastic results that are sending the stock higher.*Stock prices used were the afternoon prices of Nov. 6, 2024. The video was published on Nov. 8, 2024. ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Pitney Bowes Inc. (PBI) : This shipping and mailing company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.Kinross Gold Corporation (KGC) : This gold mining company has seen the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.Rayonier Advanced Materials Inc. (RYAM) : This cellulose specialty company has seen the Zacks Consensus Estimat ...

Index Changes - AppLovin Corporation (Nasdaq: APP) will be added to the Nasdaq-100 Index® (Nasdaq: NDX®) and the Nasdaq-100 Equal Weighted™ Index (Nasdaq: NDXE™) before market open on November 18, 2024 [1] - AppLovin Corporation will replace Dollar Tree, Inc (Nasdaq: DLTR) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index [1] - Dollar Tree, Inc will be removed from the Nasdaq-100 Ex-Tech Sector™ Index (Nasdaq: NDXX™), the Nasdaq-100 ESG™ Index (Nasdaq: NDXESG™), the Nasdaq-100 Sustainable ESG Select™ Index (Nasdaq: NDXSES™), the Nasdaq-100 ex Top 30™ Index (Nasdaq: NDX70™), and the Nasdaq-100 ex Top 30 UCITS™ Index (Nasdaq: NDX70U™) on the same date [2] - AppLovin Corporation will be considered for inclusion in the Nasdaq-100 Tech Sector™ Index (Nasdaq: NDXT™), the Nasdaq-100 Technology Sector Market-Cap Weighted™ Index (NDXTMC™), and the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index (NDXT10™) at the next quarterly rebalancing [2] Company Information - Nasdaq (Nasdaq: NDAQ) is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators [4] - Nasdaq provides data, analytics, software, exchange capabilities, and client-centric services to help clients optimize and execute their business vision [4]

I specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I’ve developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close watch on market trends, particularly in the tech sector. My investment philosophy centers on simplicity, as I believe that while complex analysis can be valuable, fundamental financial ratios and metrics often provide the clearest insights. I write for Seeking Alpha to co ...

Shares of AppLovin (APP 8.45%), an online gaming and advertising company, soared higher this week after it reported third-quarter financial results that blew past Wall Street's consensus estimates. AppLovin's shares jumped 45% this week, as of this writing, adding to the company's stunning gains over the past year of more than 500%. AppLovin continues its stunning growth AppLovin's sales popped 39% in the quarter to $1.2 billion, which outpaced analysts' consensus estimate of $1.13 billion. Similarly, the c ...

Investment Rating - The report maintains a "Buy" rating for AppLovin (APP US) with a target price of $213, representing a potential upside of 26% from the current price of $168 55 [4][6] Core Views - AppLovin s 3Q24 revenue reached $1 198 billion, up 39% YoY, surpassing market expectations by 5 9% Net profit was $434 million with a net margin of 36% Adjusted EBITDA was $722 million, exceeding market expectations by 12 4%, with an adjusted EBITDA margin of 60 2%, up 11 7pp YoY [2] - The company provided strong guidance for 4Q24, with revenue expected to be $1 24-1 26 billion, representing a YoY growth of 30-32%, and adjusted EBITDA guidance of $740-760 million, maintaining a 60% margin [2] - AppLovin increased its stock repurchase authorization by $2 billion, bringing the total remaining authorization to $2 3 billion [2] Software Platform Growth - AppLovin s Software Platform revenue in 3Q24 was $835 million, up 66% YoY and 17% QoQ, driven by continuous improvements in the AXON engine The adjusted EBITDA margin for this segment expanded to 78% due to operational leverage and one-time factors such as the renewal of the Google Cloud contract, PSU vesting, and favorable currency exchange rates [3] - The Apps segment revenue was $363 million, up 1% YoY, with an adjusted EBITDA margin of 19% The Apps segment is not a focus area for the company, and its performance is expected to remain stable [3] E-commerce Expansion - AppLovin has initiated pilot projects in the e-commerce sector, achieving promising results comparable to traditional customer acquisition channels The company is integrating resources to scale up its e-commerce business, with plans to fully launch next year This expansion is expected to significantly increase the company s total addressable market and could become a new growth driver [3] Financial Projections - The report raises 2024E/2025E revenue forecasts to $4 6 billion and $5 4 billion, respectively, with adjusted EBITDA margins of 57% and 61% The target price of $213 implies a 2025E EV/EBITDA multiple of 23 5x [4] - Key financial metrics for FY24E include revenue of $4 585 billion, operating profit of $1 803 billion, and adjusted EBITDA of $2 626 billion [5] Valuation and Market Performance - AppLovin s current market capitalization is $59 618 billion, with a 52-week trading range of $35 79-$176 99 The stock has shown strong performance relative to the S&P 500 index [6] - The report outlines optimistic, base, and pessimistic scenarios with target prices of $269, $213, and $160, respectively The optimistic scenario assumes better-than-expected revenue and profit growth, accelerated expansion into new areas, and margin expansion [13]

Key Takeaways AppLovin shares soared Thursday after the software company's results and outlook topped Wall Street expectations. The stock staged a breakaway gap Thursday on the highest trading volume since August, signaling strong buying conviction from larger market participants. Bars Pattern analysis indicates that AppLovin shares may trend higher to around $360 in a move that may play out until late March next year. Investors should watch key support levels on the stock's chart around $228 and $172. AppL ...

Applovin Corp APP stock shot higher on Thursday following the upbeat quarterly print.On Wednesday, the company reported third-quarter revenue of $1.2 billion, up 39%, beating analyst consensus estimates of $1.13 billion. Applovin increased the company’s share repurchase program by $2 billion.Also Read: Warner Bros. Discovery Q3 Earnings: Olympics and Blockbusters Drive Gains, CEO Highlights Subscriber Surge and New PartnershipsIt expects fourth-quarter revenue of $1.24 billion—$1.26 billion.Multiple Wall St ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...