AppLovin Is Suddenly Surging. Is It Sustainable?
AppLovin (NASDAQ: APP) has been one of the biggest winners of the last few years as the adtech stock has put up monster growth and huge profit margins.
The earlier launch of its artificial intelligence (AI)-based ad platform, Axon, transformed the company from a mobile game developer to one that facilitates and manages ads on mobile games, and increasingly, other categories like e-commerce. The growth of the ad business was so strong that earlier this year, the company sold its mobile app business, becoming a pure-play adtech company.
Over the last three years, the stock has jumped more than 3,000%, and, since Aug. 20, the stock has jumped over 50% even though there's been no major announcement since then. The company hasn't reported earnings or announced an acquisition.
Source Fool.com
Axon Enterprise INC Stock
Currently there is a rather positive sentiment for Axon Enterprise INC with 4 Buy predictions and 0 Sell predictions.
With a target price of 720 € there is a hugely positive potential of 50.25% for Axon Enterprise INC compared to the current price of 479.2 €.
