Bank of America downgraded AppLovin stock to Neutral, causing shares to fall 5% to $321. The downgrade reflects doubts about AppLovin's ability to sustain its long-term 30% revenue growth, especially after Q2 results showed growth driven mainly by engineering improvements rather than self-learning models. The bank lowered its 2027 revenue growth forecast to 23% from 31% and cut EBITDA estimates, citing insufficient evidence that new recommender system innovations will deliver expected gains. Despite this, AppLovin remains a technology leader in adtech, but the stock may be viewed as more mature without another innovation cycle.
Reddit will join the S&P 500 later this month, prompting a premarket stock rise of about 11% due to expected index fund buying. However, historical data shows that many recent S&P 500 additions experience an initial price jump followed by declines or...
AppLovin's stock has fallen over 52% this year, hitting near its 52-week low after Q2 results slightly missed expectations and broader market rotation away from high-beta ad-tech stocks. Despite the drop, analysts see more than 75% upside based on th...
Trade Desk's stock fell 5% following a Q2 earnings report that missed revenue and earnings expectations, with revenue growing only 3% year-over-year compared to 19% last year. The company also issued weaker-than-expected Q3 guidance and announced a l...
AppLovin reported a 53% year-over-year revenue increase in Q2, maintaining over 75% profit margins, highlighting its rare combination of scale, profitability, and growth. The slight slowdown in sequential growth was due to timing of machine-learning ...
