Reported 2 days ago
AppLovin Corporation (NASDAQ:APP) has emerged as a significant stock pick by billionaire Israel Englander, with a projected upside potential of 69.93%. The company, known for aiding mobile app developers, reported an impressive 44% increase in Q4 2024 revenue and a 248% surge in net income year-over-year. With a strong institutional backing from Millennium Management, which increased its stake by 114%, the stock is seeing increased interest among hedge funds, showcasing confidence in AppLovin's future growth despite some concerns around market conditions.
Source: YAHOO