Shares of Technology sector company AppLovin moved 8.2% today, and are now trading at a price of $105.61. The Large-Cap stock's daily volume was 9,791,873 compared to its average volume of 3,691,445. The S&P 500 index returned a 1.0% performance.
AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. The company is based in Palo Alto and has 1,717 full time employees. Its market capitalization is $35,300,036,608.
18 analysts are following AppLovin and have set target prices ranging from $66.0 to $120.0 per share. On average, they have given the company a rating of buy. At today's prices, APP is trading 5.77% away from its average analyst target price of $99.85 per share.
Over the last year, APP's share price has increased by 146.6%, which represents a difference of 120.9% when compared to the S&P 500. The stock's 52 week high is $106.45 per share whereas its 52 week low is $34.45. With average free cash flows of $448.92 Million that have been growing at an average rate of 50.3% over the last 4 years, AppLovin is in a position to continue its strong stock performance trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 1,061,510 | 4,246 | 1,057,264 | 156.55 |
| 2022 | 412,773 | 662 | 412,111 | 14.33 |
| 2021 | 361,851 | 1,390 | 360,461 | 64.11 |
| 2020 | 222,883 | 3,241 | 219,642 | 12.58 |
| 2019 | 198,462 | 3,358 | 195,104 |
