Why AppLovin Stock Skyrocketed in September, Rising More Than 50%

Key Points Multiple analysts raised their price targets for the advertising technology company late last month, driven by optimism surrounding Axon Ads Manager. Investors are likely increasingly viewing AppLovin as an artificial intelligence play, given the growing role of AI across its products. After the surge, the tech stock's valuation looks rich, warranting some skepticism from investors. 10 stocks we like better than AppLovin › Shares of AppLovin (NASDAQ: APP) rose 50.1% in September, accor ...