2024-04-08 08:02:52 ET
Summary
- AppLovin's stock has delivered a 376% rally over the last twelve months, but my valuation analysis suggests that the stock is still very attractively valued.
- The company's above 20% free cash flow margin suggests the high efficiency of the business model, meaning we can expect further expansion as the business scales up.
- AppLovin's revenue mix is strong both from an offerings and a geographic perspective, highlighting the strategic strength of the company.
Investment thesis
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For further details see:
AppLovin's Stock Is Still A Bargain