Reported about 20 hours ago
Following a remarkable 700% increase in 2024, AppLovin Corp.'s stock is now experiencing challenges as analysts predict underwhelming fourth-quarter earnings. The stock's recent decline reflects skepticism about maintaining its high valuation, which has ballooned to over 50 times estimated earnings. While the company is receiving some analyst support, concerns remain about delivering solid results that justify its price, leading to expectations of a tougher year ahead.
Source: YAHOO