AppLovin (APP) Dips More Than Broader Market: What You Should Know

AppLovin (APP) closed down 4.1% in the latest trading session, underperforming the S&P 500's 0.76% loss. Despite the near-term decline, the company is expected to report strong earnings growth of 61.22% EPS and 47.82% revenue growth year-over-year. AppLovin holds a Zacks Rank #3 (Hold) with a Forward P/E of 20.86, trading at a premium to its industry average.