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.

4 months ago
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