AppLovin Corporation (NASDAQ:APP) is one of them The best young stocks to buy and hold for 20 yearss. On March 11, William Blair reiterated an Outperform rating on AppLovin Corporation (NASDAQ:APP) without revealing a price target.
The company expressed bullish sentiment on the stock after AppLovin’s investor meeting. CEO Adam Foroughi, CFO Matt Stumpf, and head of investor relations David Hesso answered investor questions about AI opportunities and threats, the growth of non-gaming advertising, and the company’s growth outlook.
Management clarified that recent market concerns about competitive threats from Meta are not a sign of reality. CEO Froggy expressed confidence in the current business trends and expects them to remain strong. He also highlighted that share buybacks remain an attractive opportunity to deploy cash. Furthermore, while answering questions about threats from AI, Foroghi noted that AI remains a long-term sustainability rather than a threat.
AppLovin Corporation (NASDAQ: APP) develops and operates a mobile marketing platform, offering AppDiscovery, MAX, Alignment, and SparkLabs. The company’s software-based platform caters to mobile application developers to improve marketing and application monetization.
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