APP - AppLovin: Adjacent Markets Are Next
2024-03-11 04:53:16 ET
Summary
- Stabilization of the App business and continued Software Platform strength set AppLovin for robust growth and margins going forward.
- If AppLovin can successfully leverage AXON in the OEM & Carrier and CTV segments, the company could have a long growth runway.
- AppLovin's strong growth, high margins, and reasonable valuation suggest the stock will continue to perform well going forward.
AppLovin's ( APP ) Software Platform continues to demonstrate strength, and the App segment appears to be stabilizing. With competitors struggling, AppLovin's recent outperformance should persist. There is also potential for growth in the OEM & Carrier and CTV segments, as AppLovin leverages its capabilities in new areas....
AppLovin: Adjacent Markets Are Next