TECH - Josh Brown Is Ready To Buy The Best Performing Stock In The Russell 1000: 'They Make Tons Of Money' With AI Advertising | Benzinga
Ritholtz Wealth Management’s Josh Brown is getting ready to buy a stock that has nearly doubled since the start of the year.
What To Know: On Tuesday's episode of “The Compound & Friends” podcast, Brown made the case for buying AppLovin Corp (NASDAQ:APP).
“This stock went crazy in 2021 with a lot of new tech companies then it got absolutely annihilated through 2022 in the tech bear market, and now it’s ripping all the way back,” Brown said.
AppLovin went public almost exactly three years ago in April 2021. The company priced its IPO at $80 per share, giving it a valuation of approximately $25 billion. The stock traded all the way down below $10 per share in late ...