Applovin

APP

Market cap $203B

Positioning within the Magnificent 7 was the primary driver of poor security selection and relative underperformance. The Fund's holdings in businesses viewed as key enablers of AI were strong contributors to absolute returns. Consumer internet names benefited from idiosyncratic growth drivers in ecommerce, advertising, and gaming.

AppLovin's AI-driven ad platform, rising profits and strong growth give the company an edge compared with Arm Holdings.

AppLovin has dropped almost 35% from September highs as the market fled in a hurry as high-growth stocks came under significant pressure. Yet, AppLovin has industry-leading margins, robust AI-driven growth, and successful expansion beyond core gaming verticals to support its high multiples. AppLovin is integrating the advertising technology stack, proving that it could scale its platform, jumpstarting its forays beyond it core growth engine.

Palantir's market value has reached $369 billion after an incredible run in the past year, but AppLovin and Shopify could top that figure by 2028. AppLovin has distinguished itself among adtech companies with sophisticated artificial intelligence models for campaign targeting.

With the markets taking investors on a roller coaster ride of late, three technology stocks are on the downward slope today, including Vistra (NYSE: VST), AppLovin (Nasdaq: APP) and Oracle (NYSE: ORCL).

Recently, Zacks.com users have been paying close attention to AppLovin (APP). This makes it worthwhile to examine what the stock has in store.

APP remains a beneficiary of the robust advertising market trends, as observed in the outsized FQ3'25 performance and the promising FQ4'25 guidance. Its future advertising prospects may be further aided by the global launch of its web advertising offerings (beyond the US) and AXON ads manager self-service platform on October 01, 2025. APP may sustain the double digits top-line growth rates in FY2026, thanks to the expansion of its advertiser base, growing ad supply/loads, and improved monetization of its ad-tech ecosystem.

After hitting an all-time high of $525.15 in February, AppLovin Corp.'s (NASDAQ: APP) share price tumbled more than 35% due to a pending class action lawsuit and to short seller reports.

AppLovin (Nasdaq: APP) and The Trade Desk (Nasdaq: TTD) both reported Q3 2025 earnings on November 6, beating estimates.

The Alger Mid Cap 40 ETF outperformed the Russell Midcap Growth Index during the third quarter of 2025. AppLovin Corp. (APP), Talen Energy Corp (TLN), and Robinhood Markets, Inc. (HOOD), were among the top contributors to performance. Wingstop, Inc. (WING), Axon Enterprise Inc (AXON), and Twilio, Inc. (TWLO), were among the top detractors from performance.