*AppLovin growth warning impact*
- BofA flagged slowing eCommerce growth, cut estimates.
- July 13 analyst report: stock -12.6% (-$64.13)
- Aug 5 Q2 miss: revenue $1.92B vs $1.95B est, first miss of own guide since IPO, "lighter than normal" AXON model improvement: stock -19.6% (-$82.13)
- Total MC loss > $44B, stock halved from $745 high to ∼$308
- Downgrades: Wells Fargo, Piper Sandler. PT cuts from Goldman, BofA
- Now facing securities class action, lead plaintiff deadline Nov 16
Market treating it as multiple reset, not broken: still +53% YoY revenue, 84% EBITDA margins, Q3 guide $2.055-2.085B (+46-48%).
#AIStocksWhatNext #BCHJumps28%OnCMEFuturesListing #WallStreetEarningsRevisionsTurnBearish
$BCH
$AXON.US
- BofA flagged slowing eCommerce growth, cut estimates.
- July 13 analyst report: stock -12.6% (-$64.13)
- Aug 5 Q2 miss: revenue $1.92B vs $1.95B est, first miss of own guide since IPO, "lighter than normal" AXON model improvement: stock -19.6% (-$82.13)
- Total MC loss > $44B, stock halved from $745 high to ∼$308
- Downgrades: Wells Fargo, Piper Sandler. PT cuts from Goldman, BofA
- Now facing securities class action, lead plaintiff deadline Nov 16
Market treating it as multiple reset, not broken: still +53% YoY revenue, 84% EBITDA margins, Q3 guide $2.055-2.085B (+46-48%).
#AIStocksWhatNext #BCHJumps28%OnCMEFuturesListing #WallStreetEarningsRevisionsTurnBearish
$BCH
$AXON.US