AppLovin (NASDAQ:APP) Shares Up 3.9% – Still a Buy?

AppLovin Corporation (NASDAQ:APP) shot up 3.9% during trading on Friday. The stock traded as high as $413.88 and last traded at $409.10. 3,415,476 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 5,605,706 shares. The stock had previously closed at $393.68.

Key Headlines Impacting AppLovin

Investors following APP have been watching these headlines:

• Positive Sentiment: AppLovin reported strong third-quarter results, with revenue and earnings above expectations, and announced fourth-quarter guidance and a larger share-repurchase plan. These results have helped fuel a recent rally. Read More.
• Negative Sentiment: Multiple law firms publicized a pending securities class action covering investors who bought shares from February 12 to August 5, 2026. The suit alleges executives made misleading statements about the readiness, integration and adoption of AppLovin’s AI models and self-service ad tools; these are allegations, not established findings. The November 16 lead-plaintiff deadline is prompting a flurry of notices, which may keep legal and reputational risks in focus. Read More. · Read More.
• Negative Sentiment: ETFs were reported to be net sellers of $16.7 million in APP shares on November 11, a modest indication of institutional selling pressure. Read More.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APP. Deutsche Bank cut their price target on shares of AppLovin from $660.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Royal Bank Of Canada upped their price objective on shares of AppLovin from $500.00 to $520.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. Weiss Ratings upgraded shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Citigroup cut their target price on AppLovin from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Finally, The Goldman Sachs Group boosted their price target on AppLovin from $400.00 to $445.00 and gave the company a “neutral” rating in a report on Thursday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $497.93.

AppLovin Price Performance

The firm’s 50 day moving average is $300.22 and its 200 day moving average is $407.35. The firm has a market cap of $136.91 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 0.82 and a beta of 2.51. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.80 and a quick ratio of 3.80.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.27. AppLovin had a return on equity of 182.97% and a net margin of 65.89%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the firm posted $2.45 EPS. The business’s revenue for the quarter was up 55.5% compared to the same quarter last year. As a group, analysts anticipate that AppLovin Corporation will post 16.25 earnings per share for the current year.

Institutional Trading of AppLovin

A number of institutional investors and hedge funds have recently bought and sold shares of APP. State Street Corp raised its holdings in AppLovin by 28.3% in the second quarter. State Street Corp now owns 15,095,667 shares of the company’s stock worth $7,777,741,000 after buying an additional 3,328,338 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of AppLovin by 5.2% during the first quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock valued at $1,860,995,000 after buying an additional 245,290 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AppLovin by 7.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,735,471 shares of the company’s stock valued at $894,167,000 after buying an additional 121,605 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of AppLovin during the second quarter valued at approximately $730,015,000. Finally, Amundi increased its position in shares of AppLovin by 19.5% during the second quarter. Amundi now owns 1,332,633 shares of the company’s stock valued at $686,612,000 after acquiring an additional 217,214 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors.

About AppLovin

AppLovin is a technology company that provides software to help mobile app developers and advertisers grow their businesses. Its platform connects advertisers seeking users with app publishers looking to monetize their audiences, using data and machine-learning tools to support advertising and user acquisition. The company’s products include AXON, its advertising optimization engine; AppDiscovery, which helps advertisers find and acquire users; and MAX, a platform for managing in-app advertising.