AppLovin: Strong Growth And High Margins Should Continue To Drive The Stock Higher

AppLovin (NASDAQ: APP ) reported strong results again in the second quarter, leading its share price to return to near all-time highs. While sequential revenue growth was softer, AppLovin is throttling ecommerce growth at the moment. This should begin to change in the coming quarters, asRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted r ...