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AppLovin shows strong Q2 growth and attractive valuation under $300 despite mixed market reaction.

Analyst Insights
01 Oct 2026
Seeking Alpha
View Source
Bullish
AppLovin shows strong Q2 growth and attractive valuation under $300 despite mixed market reaction.

AppLovin reported impressive Q2 2026 results with 53% revenue growth, 57% EPS growth, and an 84% adjusted EBITDA margin, indicating strong operating leverage. Despite these fundamentals, the market reacted lukewarmly. The company projects Q3 2026 revenue between $2.055 billion and $2.085 billion, with adjusted EBITDA margins remaining robust. Trading at 15 times forward 2027 earnings, AppLovin offers a significant discount given its growth potential, although some legal issues and insider selling pose minor risks.

As of Oct 01, 2026 19:15 WIB, AppLovin (APP) trades on Pluang at USD 291.90, showing a modest 0.51% gain for the day. The stock's market cap stands at $97.19 billion with a typical hold time of 19 days among Pluang investors. Notably, buyer interest remains strong with 59% of order activity favoring purchases at this time.

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