Why is AppLovin stock crashing despite a new ‘buy' rating?

Core Viewpoint - AppLovin (NASDAQ: APP) has a significant long-term growth potential in both mobile gaming and e-commerce advertising, according to Evercore ISI's senior analyst Robert Coolbirth. However, the company's shares are experiencing a significant decline [1]. Group 1 - AppLovin is positioned for substantial growth in the mobile gaming sector [1]. - The company also has opportunities in the e-commerce advertising market [1]. - Despite the positive long-term outlook, AppLovin's stock is currently facing a sharp downturn [1].