Markets

Insider Trading

Hedge Funds

Retirement

Opinion

AppLovin Corporation (APP): A Bull Case Theory 

We came across a bullish thesis on AppLovin Corporation on Accrued Interest’s Substack by Simeon McMillan. In this article, we will summarize the bulls’ thesis on APP. AppLovin Corporation's share was trading at $623.59 as of December 1st. APP’s trailing and forward P/E were 73.54 and 43.48 respectively according to Yahoo Finance.

[caption id="attachment_571566" align="aligncenter" width="750"] Rawpixel.com/Shutterstock.com[/caption]

AppLovin has rapidly emerged as a major force in digital advertising, competing directly with Meta, Snap, and TikTok for advertiser budgets....