APP - Is AppLovin Stock Going to $100? 1 Wall Street Analyst Thinks So
2024-05-15 15:53:06 ET
AppLovin (NASDAQ: APP) investors were lovin' the stock market last week -- but this week, not so much. Shares of the marketing and monetization software specialist surged more than $10 in price last Thursday after the company reported a big earnings beat . All this week, however, AppLovin stock has been giving back its gains.
But here's the good news: According to BTIG analyst Clark Lampen, AppLovin is due for a turnaround, and the stock could trade for $100 a share within a year. That implies a 19% upside.
Lampen may be right about that. Consider the numbers AppLovin reported last week:
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Is AppLovin Stock Going to $100? 1 Wall Street Analyst Thinks So