AppLovin Corporation (NASDAQ:APP) Stock Has Average Price Target of $491.64 According to Analysts

Shares of AppLovin Corporation (NASDAQ:APP) have earned a consensus rating of “Moderate Buy” from the twenty-eight analysts that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $491.64.

A number of equities research analysts recently issued reports on APP shares. Morgan Stanley reduced their target price on AppLovin from $450.00 to $400.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Phillip Securities raised AppLovin from a “moderate buy” rating to a “strong-buy” rating and cut their price target for the stock from $635.00 to $610.00 in a report on Tuesday, August 11th. Wells Fargo & Company cut their price target on AppLovin from $357.00 to $325.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. Bank of America downgraded AppLovin from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $430.00 to $400.00 in a research report on Tuesday, August 11th. Finally, Citigroup decreased their price objective on AppLovin from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 19th.

AppLovin Stock Up 0.2%

APP stock opened at $228.85 on Friday. The company’s 50 day simple moving average is $292.66 and its 200-day simple moving average is $415.38. The firm has a market capitalization of $76.58 billion, a PE ratio of 17.59, a P/E/G ratio of 0.54 and a beta of 2.56. AppLovin has a 12 month low of $225.19 and a 12 month high of $738.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.30 and a quick ratio of 4.30.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $3.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.76. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company posted $2.39 EPS. The company’s revenue was up 52.8% on a year-over-year basis. Equities analysts expect that AppLovin will post 15.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in AppLovin by 69.9% in the third quarter. International Assets Investment Management LLC now owns 11,228 shares of the company’s stock worth $3,261,000 after purchasing an additional 4,619 shares during the period. Calamos Advisors LLC raised its holdings in shares of AppLovin by 41.5% during the third quarter. Calamos Advisors LLC now owns 61,354 shares of the company’s stock worth $17,819,000 after purchasing an additional 17,996 shares during the period. Alta Advisers Ltd raised its holdings in shares of AppLovin by 121.9% during the third quarter. Alta Advisers Ltd now owns 2,397 shares of the company’s stock worth $696,000 after purchasing an additional 1,317 shares during the period. Westside Investment Management Inc. raised its holdings in shares of AppLovin by 631.3% during the third quarter. Westside Investment Management Inc. now owns 6,253 shares of the company’s stock worth $1,816,000 after purchasing an additional 5,398 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in shares of AppLovin by 113.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 20,250 shares of the company’s stock worth $5,881,000 after buying an additional 10,753 shares during the last quarter. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s underlying business remains strong: revenue increased 52.8% year over year in its latest reported quarter, while net margin reached 64.58%. Analysts and investors continue to see potential for the company’s AI advertising engine to support substantial long-term growth. AppLovin Is the Worst-Performing Stock in the S&P 500 This Year
• Positive Sentiment: Citi reportedly believes the stock could potentially double, arguing that recent weakness may be excessive because AppLovin’s revenue continued to grow despite a decline in ad-driven installs. Upcoming third-quarter results could provide a catalyst if management demonstrates continued execution. AppLovin Sank 12% in a Week to a New 52-Week Low
• Neutral Sentiment: Investors are focused on the upcoming third-quarter earnings report, particularly revenue growth, advertising demand, AI model improvements, and the outlook for the self-service platform. Strong results could help rebuild confidence, but downward estimate revisions have increased uncertainty. Should AppLovin Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Multiple law firms are promoting a securities class action covering investors who bought AppLovin securities from February 12 through August 5, 2026. The allegations center on potential misstatements or omissions regarding AI product growth and the pace of model improvement; the lead-plaintiff deadline is November 16, 2026. The litigation adds reputational, financial, and headline risk after earlier reports and second-quarter results caused the stock to fall. AppLovin Corporation Class Action Lawsuit

AppLovin Company Profile

AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and operate their businesses. Its platform supports user acquisition, advertising, mediation, analytics and other functions across the mobile app ecosystem.

The company’s principal products include AppDiscovery, which helps developers market their applications and acquire users; MAX, an in-app bidding and monetization platform; and its AXON technology, an artificial intelligence-powered engine intended to improve advertising performance and match users with relevant applications and content.