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Is AppLovin Stock a Buy?

TheMotleyFool

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Back in April, I told investors I didn't love AppLovin's (NASDAQ: APP) initial public offering (IPO). The mobile game and technology company's revenue growth was decelerating, it was unprofitable, its debt levels were high, and its valuations were too rich. When I made that call, the stock was already trading 22% below its IPO price of $80, so the market seemed to agree.

But over the past six months, the stock has risen more than 50% to the mid $90s. Let's see why the market warmed up to AppLovin, and if its stock could still have more upside.

Image source: Getty Images.

Source Fool.com

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