AppLovin: Strong Q2 Earnings Cement Bullish Case

Matteo Colombo Investment thesis If we look at how the share price has changed since my initial coverage of AppLovin Corporation's (NASDAQ:APP) stock, it might seem that my thesis did not age well, as APP lagged the broader U.S. market since early April. On the other hand, the stock market is a voting machine over the short term, and I prefer to look at how fundamentals are developing. From the fundamental perspective, my initial “Strong Buy” thesis is aging well because the company delivered stellar Q2 ...