APP - AppLovin: Why I'm Buying This Stock Now

2024-04-08 14:01:32 ET

Summary

• AppLovin Corporation is a mobile advertising company that helps app developers monetize their apps through ads.
• The business is growing at a 28% CAGR and is expected to reach $1.5 billion in 2024.
• AppLovin Corporation stock is undervalued with a price target of $90 in 2025 and has strong growth prospects in the mobile advertising industry.

Investment Thesis

AppLovin Corporation ( APP ) is a mobile advertising company.

AppLovin provides services for mobile app developers and advertisers. In simple terms, it helps app developers make money from their apps by showing ads to users. In essence, AppLovin acts as a middleman between app developers who want to monetize their apps and advertisers who want to promote their products to mobile users....

For further details see: