US EditionAppLovin Plunges 18% Despite Blowout Earnings as AI Fears Rule
Shares fell nearly 20% on heavy trading despite 66% revenue growth and strong margins as some analysts cut price targets amid investor concerns over AI risks.
- On Thursday, AppLovin Corporation's NASDAQ shares plunged 19.7% after Citigroup cut its price target from $820.00 to $710.
- On Wednesday, February 11th AppLovin reported a $3.24 EPS and $1.66 billion revenue, exceeding estimates and up 66.0% year‑over‑year.
- Trading showed heavy volume with intraday lows at $365.01, last at $366.91, and 18,674,361 shares traded on Thursday.
- Analysts sent mixed signals, with Scotiabank lifting its target to $775.00 while Goldman Sachs and BTIG Research cut theirs to $585.00 and $640.00 respectively.
- SEC filings show insiders hold 13.66% while institutional investors and hedge funds own 41.85% of the stock.
8 Articles
8 Articles
AppLovin (NASDAQ:APP) Stock Price Down 19.7% After Analyst Downgrade
AppLovin Corporation (NASDAQ:APP – Get Free Report) shares were down 19.7% on Thursday after Citigroup lowered their price target on the stock from $820.00 to $710.00. Citigroup currently has a buy rating on the stock. AppLovin traded as low as $365.01 and last traded at $366.91. Approximately 18,674,361 shares traded hands during trading, an increase of 168% from the average daily volume of 6,962,683 shares. The stock had previously closed at $…
AppLovin Plunges 18% Despite Blowout Earnings as AI Fears Rule
Quick Read AppLovin (APP) reported Q4 revenue up 66% to $1.66B and beat estimates. Shares dropped 18% on AI disruption fears. AppLovin stock has fallen 50% from December highs near $746 despite strong fundamentals and cash flow growth. CEO dismissed AI disruption concerns and noted AppLovin uses AI models to optimize ad delivery. You can earn up to $1,500 in cash bonuses just for moving your savings; see how this limited-time Raisin offer wo…
AppLovin (NASDAQ:APP) Shares Down 19.7% After Analyst Downgrade
AppLovin Corporation (NASDAQ:APP – Get Free Report)’s share price fell 19.7% on Thursday after Citigroup lowered their price target on the stock from $820.00 to $710.00. Citigroup currently has a buy rating on the stock. AppLovin traded as low as $365.01 and last traded at $366.91. 18,674,361 shares changed hands during mid-day trading, an increase […]
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
