Does Advertising Business Growth Assert AppLovin Corporation (APP) as a High-Growth Large-Cap Stock to Buy?
AppLovin Corporation (NASDAQ:APP) is one of the high-growth large-cap stocks to invest in now
On June 10, Benchmark reiterated a Buy rating on AppLovin Corporation (NASDAQ:APP)and a $775 price target. The research firm remains bullish on the stock, impressed by the company’s prospects in its consumer advertising business. alphaspirit/ A recent investor presentation affirmed management’s confidence in the consumer advertising business, which appears to be in the early stages of growth. Management is projecting a general availability milestone by the end of the second quarter that will expand functionality and advertiser accessibility.
In addition, management has embarked on a discipline rollout strategy as it also pursues share expansion opportunities. The company is also well-positioned across multiple long-term growth vectors on both the demand and supply sides of the business. Consequently, management remains optimistic about the company’s long-term growth prospects.