AppLovin (NASDAQ: APP ) is in a position of strength no matter the economic climate given the platform’s data-driven & results-driven, AI-native features. As marketing spend shifts from linear television to more engaging platforms, such as mobile applications, CTV, and other open internet sites, I believe thatMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services wor ...

An astonishing bull run of U.S. stock markets that started from the beginning of 2023 is still maintaining its momentum. In 2023, the Dow, the S&P 500 and the Nasdaq Composite – rallied 13.7%, 23.9% and 43.4%, respectively. Year to date, the Dow, the S&P 500 and the Nasdaq Composite – have advanced 11.5%, 20.2% and 21.6%, respectively.Consequently, several stocks have skyrocketed this year. Here, we have narrowed our search to five stocks that have provided triple-digit returns year to date. These are AppLo ...

SoundHound AI, SentinelOne, and AppLovin have the potential to be huge winners.Nvidia (NVDA -1.59%) has been one of the best-performing stocks over the past five years, creating a lot of millionaires in the process. However, with those strong returns in its rear-view mirror, investors today might be better served to look instead for the next set of potential huge winners.These three smaller tech companies have plenty of potential to soar in the years ahead.1. SoundHound AISoundHound AI (SOUN -0.80%) first s ...

Another pundit following the stock joined the bull stampede.News coming directly from app monetization specialist AppLovin (APP 0.68%) has been fairly light in recent days, yet investors were eager to snap up the stock. Much of this had to do with a recommendation upgrade from a newly minted AppLovin bull. The result was that the company's share price had improved by over 10% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.An undervalued operatorThe anal ...

Key TakeawaysAppLovin shares hit a record high Wednesday as the company makes inroads capitalizing on mobile gaming and lucrative new digital advertising markets. After bottoming out in December 2022, AppLovin shares have made a V-shaped recovery on healthy trading volume, indicating conviction behind the buying. Investors can monitor key retracement levels on AppLovin's chart at $112, $88, and $55.A bars pattern, which takes the trending period following a prior piercing pattern in March 2023 after a four ...

Steven Cress is VP of Quantitative Strategy and Market Data at Seeking Alpha. Steve is also the creator of the platform’s quantitative stock rating system and many of the analytical tools on Seeking Alpha. His contributions form the cornerstone of the Seeking Alpha Quant Rating system, designed to interpret data for investors and offer insights on investment directions, thereby saving valuable time for users. He is also the Founder and Co-Manager of Alpha Picks, a systematic stock recommendation tool design ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, September 13:Powell Industries, Inc. (POWL) : This custom equipment manufacturer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 32.9% over the last 60 days.Powell Industries has a PEG ratio of 0.97 compared with 1.42 for the industry. The company possesses a Growth Score of B.Norwegian Cruise Line Holdings Ltd. (NCLH) : This cruise company ...

PM ImagesAPP's High Growth Investment Thesis Remains Valid, Despite The Balance Sheet Headwinds We previously covered AppLovin (NASDAQ:APP) in May 2024, discussing why we had rated the stock as a Buy then, attributed to its robust performance metrics, excellent gaming advertising partnerships, and upcoming entry to other in-app advertising markets from FQ2'24 onwards. Combined with its high growth prospects and raised consensus forward estimates, we believed that the stock might continue to offer excell ...

AppLovin Corporation (APP) has been one of the standout performers in 2024, with its stock price surging by an impressive 116.6% year to date. This rise has significantly outpaced the 13% rally seen in the industry.As of the last trading session, the stock closed at $86.31, close to its 52-week high of $93.7. APP is trading above its 50-day moving average, indicating a bullish sentiment among investors. Image Source: Zacks Investment ResearchAPP's performance is notably stronger than its competitors in the ...

Boy Wirat Introduction The stock of AppLovin Corporation (NASDAQ:APP), a tech entity with growing clout in the advertising ecosystem has been on fire through much of 2024. On a YTD basis, when its peers from the Nasdaq have only notched double-digit gains, APP has surged ahead, by a whopping 112%! Despite a strong year of alpha by APP's stock, we feel this story still has legs and choose to go with a BUY rating. YCharts Why The AppLovin Story Is Worth Getting Behind AppLovin's comprehensive software platfor ...