Shares of Applovin have moved -5.4% today, and are now trading at a price of $346.54. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 3,667,806 compared to the stock's average volume of 6,076,888.
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. Based in Palo Alto, United States the company has 1,533 full time employees and a market cap of $117,264,637,952.
The company is now trading -25.19% away from its average analyst target price of $463.2 per share. The 22 analysts following the stock have set target prices ranging from $250.0 to $650.0, and on average give Applovin a rating of buy.
Over the last 52 weeks, APP stock has risen 336.9%, which amounts to a 323.4% difference compared to the S&P 500. The stock's 52 week high is $525.15 whereas its 52 week low is $60.67 per share. Based on Applovin's average net margin growth of 18.7% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 4,709,248 | 1,579,776 | 34 | 209.09 |
| 2023 | 3,283,087 | 356,711 | 11 | 257.14 |
| 2022 | 2,817,058 | -192,746 | -7 | -800.0 |
| 2021 | 2,793,104 | 35,446 | 1 | 109.09 |
| 2020 | 1,190,908 | -125,187 | -11 | -191.67 |
| 2019 | 994,104 | 119,040 | 12 |
