Wells Fargo & Company Reaffirms “Equal Weight” Rating for AppLovin (NASDAQ:APP)

Posted by Geri Gentry on Aug 8th, 2026

AppLovin (NASDAQ:APP – Get Free Report)‘s stock had its “equal weight” rating reissued by research analysts at Wells Fargo & Company in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a $357.00 price target on the stock, down from their prior price target of $575.00. Wells Fargo & Company‘s target price would suggest a potential upside of 2.94% from the stock’s previous close.

Several other research analysts have also commented on the stock. Wedbush reiterated an “outperform” rating and set a $640.00 price objective on shares of AppLovin in a research note on Thursday, May 7th. Citigroup reaffirmed a “buy” rating on shares of AppLovin in a research report on Monday, June 22nd. Weiss Ratings lowered AppLovin from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price objective on AppLovin from $500.00 to $515.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Needham & Company LLC dropped their target price on AppLovin from $700.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $574.82.

Check Out Our Latest Stock Report on AppLovin

AppLovin Stock Up 3.3%

Shares of NASDAQ APP opened at $346.80 on Thursday. The stock has a market capitalization of $116.50 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 0.55 and a beta of 2.54. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 1.11. AppLovin has a 12-month low of $332.19 and a 12-month high of $745.61. The stock’s fifty day simple moving average is $474.18 and its two-hundred day simple moving average is $463.92.

AppLovin (NASDAQ:APP – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $2.39 earnings per share. The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. As a group, analysts expect that AppLovin will post 15.87 EPS for the current fiscal year.

Insider Buying and Selling at AppLovin

In related news, Director Maynard G. Webb, Jr. sold 3,076 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $521.29, for a total transaction of $1,603,488.04. Following the completion of the transaction, the director owned 120,444 shares of the company’s stock, valued at $62,786,252.76. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eduardo Vivas sold 163,910 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $504.06, for a total transaction of $82,620,474.60. Following the transaction, the director owned 6,785,087 shares of the company’s stock, valued at $3,420,090,953.22. This represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 393,000 shares of company stock worth $197,297,363. Corporate insiders own 12.81% of the company’s stock.

Hedge Funds Weigh In On AppLovin

A number of institutional investors have recently modified their holdings of APP. Calamos Advisors LLC raised its position in AppLovin by 73.3% during the fourth quarter. Calamos Advisors LLC now owns 48,737 shares of the company’s stock valued at $32,840,000 after acquiring an additional 20,609 shares in the last quarter. Dara Capital US Inc. purchased a new stake in AppLovin in the 4th quarter worth approximately $1,747,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of AppLovin by 12.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 195,265 shares of the company’s stock worth $131,573,000 after purchasing an additional 21,427 shares during the period. Fifth Third Bancorp grew its stake in shares of AppLovin by 312.0% during the 4th quarter. Fifth Third Bancorp now owns 6,123 shares of the company’s stock worth $4,126,000 after purchasing an additional 4,637 shares during the period. Finally, North Dakota State Investment Board purchased a new position in shares of AppLovin during the 4th quarter valued at approximately $5,490,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

Positive Sentiment: AppLovin reported second-quarter revenue of $1.92 billion, up 52.8% year over year, while earnings of $3.76 per share were in line with consensus. Strong consumer-vertical momentum and a robust third-quarter outlook support the company’s growth narrative. AppLovin Q2 2026 earnings call highlights
Positive Sentiment: Management said recent AI model improvements were affected by timing, while live gains and broader consumer adoption could drive stronger growth in the third quarter. The expansion of AXON Ads into self-serve advertising and new verticals such as fintech and connected TV could increase AppLovin’s addressable market. APP Q2 earnings call highlights
Positive Sentiment: Citigroup lowered its price target from $710 to $650 but maintained a “buy” rating. Morgan Stanley also kept an “overweight” rating with a $650 target, indicating analysts still see substantial upside after the selloff.
Positive Sentiment: AppLovin’s chief financial officer said the SEC investigation involving the company has been closed, removing a potentially significant regulatory overhang. SEC probe closure report

AppLovin Company Profile

(Get Free Report)

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.