Investors Love AppLovin After Strong Growth. Is It Too Late to Buy the Stock?
Shares of AppLovin (NASDAQ: APP) jumped following its second-quarter earnings report after yet another strong quarter of revenue and profitability growth for the adtech company. The stock has been a strong performer this year, up over 75% year to date.
Let's look at what's behind the company's resurgence, if it can continue, and whether the stock is a buy.
AppLovin's success stems from the release of its Axon 2 artificial intelligence (AI)-based advertising technology last year. Since then, the company has seen its quarterly software platform revenue explode higher.
Source Fool.com
Axon Enterprise INC Stock
€336.80
-0.620%
Currently there is a rather positive sentiment for Axon Enterprise INC with 4 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 310 € is below the current price of 336.8 € for Axon Enterprise INC, so the potential is actually -7.96%.
