Sep. 16 at 3:32 PM
$APP Down -56% from 52 wk hi, and only up 10% from 52 wk lo, and this stock has diverged from what analysts predict (similar to what happened to
$TTD), but nevertheless, here is the latest from Citi analyst who's upbeat on Nov 4 ER.
"Analysts at Citi believe the fear is misguided, noting the second quarter is often the slowest of the year and did not benefit from an upgrade to the company’s Axon model, which was introduced in July.
"As such, we believe AppLovin is well positioned to meet or exceed its 3Q26 guidance," they wrote.
Longer term, analysts at Citi expect "eCommerce to eventually overtake gaming as the primary driver of the firm’s topline growth," citing e-commerce’s larger addressable market, attractive returns for existing clients and potential acceleration in client onboarding, whether organically or through small acquisitions."
$IGV $GOOGL $META
https://www.investing.com/news/pro/this-company-is-well-positioned-to-meet-or-exceed-its-3q26-guidance-citi-432SI-4902780
