Tech Contrarian: AppLovin -- WSJ
Dow Jones2026/11/05 17:05By Melissa Korn
While much of the broader tech sector is getting clobbered, ad-tech firm AppLovin is on track for its biggest one-day stock gain in two years.
The company-known largely as a platform that coordinates mobile-gaming ads-posted stronger-than-expected third-quarter results and a solid fourth-quarter forecast that helped counter Wall Street's recent concerns about slowing growth.
A few analysts bumped up their price targets, and Madison & Wall said it thinks the company is on track to account for more than $25 billion in annual advertising spending by marketers in the current year.
But AppLovin still has a long way to climb - even with Thursday's jump of about 30%, shares are down more than 40% so far this year.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
November 05, 2026 12:05 ET (17:05 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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