Momentum
Previous Close | 24.83 |
Open | 25.04 |
Bid | 24.83 x 1000 |
Ask | 25.52 x 800 |
Day's Range | 24.61 - 25.65 |
52 Week Range | 9.14 - 44.76 |
Volume | |
Avg. Volume | 2,774,823 |
Market Cap | 9.043B |
Beta (5Y Monthly) | 1.94 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Tencent Music, Snap, AppLovin, and Wynn Resorts. Tencent Music Entertainment (NYSE:TME) shares surged more than 8% after the company reported solid Q1 earnings and earned several upgrades, as InvestingPro reported in real time. Macquarie upgraded to Neutral from Underperform and raised its price target to $7.40 from $5.10, highlighting effective diversification and better margins.
BofA Securities analyst Omar Dessouky upgraded shares of Applovin to Buy from Neutral and increased his price target.
PacWest shares tumble after the bank says deposits declined last week, Goodyear Tire soars after receiving a letter from Elliott Investment Management that outlined the 'right path forward' for the tire maker, and Walt Disney posts a surprise quarterly drop in Disney+ subscribers.
Shares of mobile-app developer and software company AppLovin (NASDAQ: APP) soared higher on Thursday after the company released financial results for the first quarter of 2023. As of 10 a.m. ET, AppLovin stock was up 24%. In Q1, AppLovin generated revenue of $715 million, up 14% year over year and well ahead of management's guidance of $685 million to $705 million.
The mobile app technology company beat first-quarter revenue expectations and delivered positive guidance for the current quarter.
Welcome, everyone, to the AppLovin earnings call for the first quarter ended March 31, 2023. Joining me today to discuss our results are Adam Foroughi, our co-founder, CEO and chairperson; and Herald Chen, our president and CFO. Please note, our SEC filings, as well as our shareholder letter discussing our first quarter performance are available at investors.applovin.com.
AppLovin (APP) delivered earnings and revenue surprises of -120% and 3.15%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Vivid Seats Inc. (SEAT) delivered earnings and revenue surprises of 150% and 15.79%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
NV5 (NVEE) delivered earnings and revenue surprises of 3.53% and 2.40%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Investors need to pay close attention to AppLovin (APP) stock based on the movements in the options market lately.
UBS analyst John Hodulik downgraded AppLovin Corp (NASDAQ: APP) from Buy to Neutral and lowered the price target from $59 to $16. While the analyst thought AppLovin's software business is well positioned to benefit from growth in the app economy, he believed the macro uncertainty, measured ad spend, and lower visibility limits upside to shares. Hodulik reduced estimates to reflect stable sequential trends in software due to lower spending in the current environment, while apps saw gradually impr
The most recent set of economic data paints a confusing picture. The jobs market remains strong, inflation remains stubbornly high, and the Fed is likely to stick to its guns on interest rates. But Goldman Sachs CEO David Solomon has made some recent comments that should help clarify the picture. We should expect that economic growth will be more sluggish in 2023, according to Solomon. In his view, China’s ongoing reopening will catalyze growth – but also bring additional inflationary pressures.
AppLovin (NASDAQ: APP) shares beat the market this week, rising over 20% through Thursday trading compared to a 1.3% decline in the wider market, according to data provided by S&P Global Market Intelligence. The latest rally was sparked by a fourth-quarter earnings update that showed stability in AppLovin's business. Sales for Q4 fell 11% to $702 million as many of its business lines remained pressured by slowing advertising spending and weaker in-game spending.
Investors were eager to snatch up shares of AppLovin (NASDAQ: APP) after the company reported its fourth-quarter results. The company, which helps app developers monetize their apps with advertising, reported mixed results for the quarter, but investors reacted to the AppLovin's better-than-expected revenue guidance of the first quarter. AppLovin's fourth-quarter sales fell 11.5% to $702.3 million, but that was good enough to beat the consensus estimate of $689.9 million.
Welcome, everyone, to AppLovin's earnings call for the fourth quarter and year ended December 31, 2022. Please note our SEC filings, as well as our shareholder letter discussing our fourth-quarter performance, are available at investors applovin.com. During today's call, we may be making forward-looking statements regarding future events, market expectations, or future financial performance of the company and the strategic review of our apps portfolio.
AppLovin (APP) delivered earnings and revenue surprises of -100% and 1.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Kyndryl Holdings, Inc. (KD) delivered earnings and revenue surprises of 17.54% and 8.67%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Benchmark analyst Mark Zgutowicz reiterated Sell on AppLovin Corp (NASDAQ: APP) with a $7.00 price target. The consensus does not reflect ’23 hyper-casual secular headwinds, setting up for a challenging 1Q and CY23 guidance. Specifically, the analyst believes ’23E consensus revenue grossly overstates existing and net new SPEC organic growth potential, the latter of which is tapped out as both Apple Inc (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google ad restrictions have end
APP, ACIW and ABM have been added to the Zacks Rank #5 (Strong Sell) List on January 11, 2023.
Investors need to pay close attention to AppLovin (APP) stock based on the movements in the options market lately.
According to data compiled by S&P Global Market Intelligence, the company's share price was down a queasy 27% week to date as of early Friday morning. The market is hardly eager to snap up tech stocks like AppLovin, and this sentiment was exacerbated by an analyst's downgrade. One theme of this year that seems to be rearing its head as the new year approaches is the shunning of more speculative tech stocks.
Occidental Petroleum, Constellation Energy, Antero Resources, Texas Pacific Land, and Signify Health are the top stocks of the year. The bottom five are Affirm Holdings, AppLovin, Wayfair, Coinbase Global, and Twilio.
In this article, we will take a look at the 10 stocks receiving downgrades from analysts. If you want to check out some more stocks whose ratings were recently cut by analysts, go directly to Analysts are Downgrading These 5 Stocks. Stocks tied to the S&P 500 and Nasdaq Composite fell this morning, a day […]
Welcome to AppLovin's earnings call for the third quarter ended September 30, 2022. Joining me today to discuss our results are our co-founder, CEO, and chairperson Adam Foroughi; and our president and chief financial officer, Herald Chen. Please note our SEC filings, as well as our shareholder letter discussing our third quarter performance, are available at investors.applovin.com.