AppLovin's stock soars 650% amid significant revenue growth, making it a potentially undervalued investment.

AppLovin, a mobile gaming ad tech firm, has seen its stock rise 650% this year, with software revenue up 66% to $835 million and overall revenue up 39% to $1.2 billion. Despite the surge, the stock trades at a P/E of 45 and a PEG ratio of 1.1, suggesting it may be undervalued compared to Palantir. The company's growth potential, especially in expanding beyond gaming, makes it an intriguing investment for building wealth.

November 23, 2024
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