1250 ET - The slide in AppLovin's shares in response to short seller reports this week could be a good opportunity for investors to scoop up the stock at a low price, Bank of America analysts say. Shares are down 26% over the past five days, but profit margins and long-term growth still exceed competitors by a mile, analysts say. AppLovin's CEO in a statement and blog post refuted the fraud claims made by short sellers. The analysts expect the lower stock price to dissipate as financial strength is expected to continue. "It stands on the precipice of transforming the mobile game industry into a new e-commerce advertising medium." (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 12:50 ET (17:50 GMT)
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