"After hitting an all-time high of $525.15 in February, AppLovin Corp.'s ( NASDAQ: APP) share price tumbled more than 35% due to a pending class action lawsuit and to short seller reports. However, the software company's better-than-expected first-quarter report gave the stock a boost, and it has since recovered. The stock last month hit a new high of $745.61. Compared to a year ago, AppLovin stock is 261.6% higher, far outperforming the S&P 500 and the Nasdaq in that time."
"Since the company went public in 2021, its share price is up 969.9%. This has clearly been a top growth stock that investors have benefited from owning in recent years. AppLovin has been among the top tech stocks seeing a lot of love from the market, but is that still true? These days, the company focuses on providing software solutions that enhance the marketing and monetization of online advertisers."
"It is worth remembering that AppLovin experienced a drawdown of more than 90% from its post-pandemic high in 2021. So, is this stock headed for further declines, or is its momentum sustainable? Let's dive into some catalysts and price predictions around where this stock could go for the rest of 2025 through to the end of this decade. Three Key Drivers for AppLovin As mentioned, AppLovin investors have to contend with plenty of news."
AppLovin's share price fell more than 35% from a February high of $525.15 due to a pending class-action lawsuit and short-seller reports, then recovered after a better-than-expected first-quarter report to reach $745.61. Year-over-year shares are up 261.6% and since the 2021 IPO are up 969.9%. The company provides software solutions for marketing and monetization of online advertisers and benefits from secular growth trends. Retail investors have sought outsized exposure amid tech market enthusiasm. Analysts have issued Neutral and Hold ratings citing fundamental concerns. AppLovin previously experienced a greater-than-90% drawdown from its post-pandemic 2021 peak, and catalysts and price predictions for 2025 through the decade are being considered.
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