Over the past three months, AppLovin's stock has surged approximately 30% following a robust earnings report and positive analyst outlooks. In May, the company exceeded expectations with earnings per share of 1.67 dollars and revenue of 1.48 billion dollars, driven by a 71% increase in advertising revenue. Despite a dip in app revenue, major banks maintained bullish ratings and raised price targets. Overall, investor optimism reflects strong financial performance and promising growth prospects.