Last Week’s Top 10 Stocks Post Double-Digit Gains

6. AppLovin Corp. (NASDAQ:APP)

AppLovin saw its share prices jump by 35.77 percent week-on-week to end Friday’s trading at $510.13 apiece following an impressive earnings performance released last week.

In a statement, APP said net income last quarter expanded by 248 percent to $599 million from the $172 million registered in the same period a year earlier, as revenues grew 44 percent to $1.37 billion from $953 million year-on-year.

In full year 2024, net income soared 343 percent to $1.58 billion from $356 million year-on-year.

APP also expects revenues for the first quarter of the year to remain within the $1-billion level, and settle anywhere between $1.355 billion to $1.385 billion.

Analysts expect the company’s stock price to retreat in the next couple of days as investors book profits from the recent surge.