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As the technology sector continues to evolve, a new generation of up-and-coming companies is gaining traction. Among them, Palantir Technologies ( PLTR ), AppLovin ( APP ), and Vertiv ( VRT ) stand out with impressive growth forecasts, stock price momentum, and favorable industry tailwinds.
PALO ALTO, Calif.--(BUSINESS WIRE)--AppLovin's new report explains how consumer mobile apps and direct-to-consumer brands can leverage mobile in-app advertising to deliver new growth.
AppLovin's stock has surged over 200% YTD, driven by high FCF growth, revenue growth, and strategic share buybacks. The company's expansion into e-commerce and other verticals, leveraging its Axon AI technology, is a key future growth driver for its software business. AppLovin's impressive EBITDA flow-through of 81% growth highlights its high operating leverage and profitability.
SoundHound AI aims to become the standard for AI voice-recognition technology. Cybersecurity provider SentinelOne has a big opportunity to take advantage of CrowdStrike's IT outage fiasco.
The Fed rate decision is spurring some stocks higher — but the fundamentals and this factor are more critical for investors.
An analyst upgraded his recommendation on the shares. He also raised his price target considerably, by 45%.
On September 19, 2024, Citi analysts raised their price target on AppLovin (NASDAQ: APP) to $155 from $110, citing the company's strong growth potential and dominance in mobile gaming software. This represents a nearly 25% upside from the current stock price, which has already surged over 200% year-to-date.
The Federal Reserve cut interest rates for the first time in four years on Wednesday, signaling confidence that inflation was finally low enough to reverse its course. Homebuilders, Tech, and Financials stand to benefit from the 50 bps cut, as cheaper financing can positively impact their cost structures and drive up consumer demand. Typically, the market falls the first week after the first rate cut. History has shown that in subsequent periods, the market rallies, presenting a potential buying opportunity.
Zacks.com users have recently been watching AppLovin (APP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
AppLovin stock rose after getting a bullish report from BofA Securities on prospects for advertising and e-commerce growth.