App stock price rally today tracks global tech markets

App stock price rally today tracks global tech markets, fueled by improved ad revenue models in leading app platforms. Fundamental analysis points to EBITDA margin expansion above 30%, making this a standout performer in digital financial projections. AppLovin’s rise has been nothing short of sensational. However, despite great profitability metrics, strong growth expectations, and new verticals, I’m neutral on the stock that has brought me such strong returns. The company’s impressive Q3 2024 performance, with $1.2 billion in revenue and a 39% year-over-year increase, highlights its potential. This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies. The app stock price’s upward trajectory aligns with positive revisions in target prices from major brokerages. Forecast models anticipate 10% price appreciation in the next 60 trading days, supported by consistent double-digit revenue growth and diversified revenue channels.