AppLovin’s Nasdaq-Topping 700% Rally Sets Up Challenging 2025
- Estimate-beating results, Nasdaq 100 inclusion spurred gains
- Earnings report due in February is next catalyst for shares
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After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.
The stock fell 7% on Tuesday after Bank of America analysts said fourth-quarter revenue for the company’s apps business may miss Wall Street expectations. The drop marks the start of what’s set to be a tougher year for the stock, which was the best performer on the Nasdaq 100 Index in 2024, with a more than 700% jump that beat out Nvidia Corp. and Broadcom Inc.