Is AppLovin Stock Outperforming the S&P 500?

Core Insights - AppLovin Corporation (APP) is a software-based platform provider for advertisers, enhancing marketing and monetization of content, with a market cap of $198.2 billion [1][2] - The company has shown strong stock performance, with a year-to-date increase of 81.1% and a 52-week surge of 77.8%, significantly outperforming the S&P 500 Index [4][6] Financial Performance - AppLovin reported a 68.3% year-over-year revenue increase to $1.4 billion in Q3, exceeding consensus estimates by 4.1% [5] - The adjusted EPS rose 96% year-over-year to $2.45, surpassing consensus estimates by 3.4% [5] Market Position - AppLovin's stock has consistently traded above its 200-day moving average over the past year, indicating a bullish trend [4] - The company has outperformed its peer, Trade Desk, Inc. (TTD), which has seen a 66.7% decline year-to-date [6] - Among 26 analysts covering APP stock, the consensus rating is a "Strong Buy," with a mean price target of $697, representing an 18.9% premium to current price levels [6]