Dear Etorians, 09/12/24
Dear Etorians, 09/12/24
BofA Securities is positive and recommends the stock as a Buy. The price target is revised upwards from 100 USD to 120 USD.
AppLovin ( $APP )'s eCommerce segment is expected to contribute 10% to revenue by 2025 and 16% by 2026, reflecting a significant boost from this sector, BofA said in a note Wednesday.
AppLovin's software segment is expected to achieve more than 20% year-over-year growth through 2026, driven by better install rates and greater efficiency of its AI engine, a said the investment company.
After these two announcements the share price rose 20% in two days.
I must remind you that following the drop below 62$ a month ago, two copiers decided to no longer copy me. It was precisely at this time that I increased our exposure to this stock, for a potential gain of more than 60%. The stock price has exceeded 100$. The stock market is very volatile but you have to look at the long term. I therefore thank my copiers who have decided to continue to trust me.
This evening Adobe will publish these results, so I will see you tomorrow.