Ad-Tech Giant $APP Rockets +4.72%: Breaks Resistance at $653

$AppLovin Corporation(APP)$ closed at $653.00 on Dec 3rd, surging +4.72% (+$29.41) from yesterday's $623.59. Stock remains 12.4% below 52-week high of $745.61, showing strong recovery momentum from October lows.

Core Market Drivers
Mobile advertising sector continues benefiting from holiday spending surge and AI-driven user acquisition optimization. Strong institutional confidence with net capital inflow of $41M today ($1.206B in vs $1.165B out). Gaming and e-commerce app monetization trends supporting revenue growth expectations.

Technical Analysis
Volume ratio at 1.48x indicates above-average institutional participation with 5.2M shares traded.

Daily amplitude of 7.78% ($631.19-$679.70 range) suggests healthy volatility. Capital flow shows large orders slightly net negative (-$3M) but retail sentiment remains bullish with small order net inflow of $450M.

Key Price Levels
Primary Support: $623.00 (previous resistance now support)
Strong Resistance: $680.00 (today's high rejection zone)
Immediate Pivot: $643.00 (key breakout level to watch)

Valuation Perspective
Trading at P/E TTM of 81.79x vs Forward P/E of 66.58x, indicating growth expectations. P/S ratio of 34.99x reflects premium mobile advertising multiples. ROE of 241.89% and ROA of 36.79% justify elevated valuation metrics.

Analyst Targets
24 analysts coverage: 8 Strong Buy, 15 Buy, 4 Hold, 1 Underperform. Average target price $723.25 (range: $394-$860), suggesting 10.8% upside potential from current levels.

Weekly Outlook
Expect consolidation in $640-$680 range before next breakout attempt. Above $680 targets $720-$745 zone. Below $623 support risks pullback to $580-$600 range.

Risk Disclaimer
This analysis is for informational purposes only and not investment advice. Past performance doesn't guarantee future results.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

To The Moon

Ad-Tech Giant $APP Rockets +4.72%: Breaks Resistance at $653

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Comment（1）

Most Discussed