AppLovin (NASDAQ:APP – Free Report) had its price target cut by Citigroup from $600.00 to $500.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.
A number of other brokerages have also recently issued reports on APP. Daiwa Securities Group cut their price objective on shares of AppLovin from $569.00 to $345.00 and set an “outperform” rating for the company in a research note on Wednesday, August 19th. Scotiabank reaffirmed a “sector outperform” rating and set a $515.00 target price (down from $775.00) on shares of AppLovin in a report on Thursday, August 6th. HSBC decreased their target price on shares of AppLovin from $450.00 to $409.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. William Blair set a $440.00 price target on shares of AppLovin in a research note on Monday, August 17th. Finally, Benchmark lowered their price target on shares of AppLovin from $500.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and an average target price of $507.75.
Check Out Our Latest Report on AppLovin
AppLovin Stock Down 1.7%
Shares of APP opened at $267.90 on Monday. The firm has a market cap of $89.65 billion, a P/E ratio of 20.59, a P/E/G ratio of 0.57 and a beta of 2.56. The stock has a 50 day simple moving average of $302.12 and a two-hundred day simple moving average of $408.98. 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 has a 1 year low of $260.59 and a 1 year high of $738.01.
AppLovin (NASDAQ:APP – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $3.76 EPS for the quarter, meeting analysts’ consensus estimates of $3.76. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The business’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period last year, the business earned $2.39 earnings per share. On average, analysts forecast that AppLovin will post 15.67 earnings per share for the current fiscal year.
Hedge Funds Weigh In On AppLovin
A number of large investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of AppLovin by 28.3% during the second quarter. State Street Corp now owns 15,095,667 shares of the company’s stock valued at $7,777,741,000 after purchasing an additional 3,328,338 shares during the period. WCM Investment Management LLC grew its holdings in shares of AppLovin by 5.2% in the first quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock worth $1,860,995,000 after purchasing 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% in 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 worth $894,167,000 after purchasing an additional 121,605 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of AppLovin in the second quarter worth approximately $730,015,000. Finally, Amundi increased its stake in shares of AppLovin by 19.5% in the second quarter. Amundi now owns 1,332,633 shares of the company’s stock worth $686,612,000 after buying an additional 217,214 shares during the period. 41.85% of the stock is owned by hedge funds and other institutional investors.
Key AppLovin News
Here are the key news stories impacting AppLovin this week:
- Positive Sentiment: Some analysts view the decline as a buying opportunity. Recent commentary describes AppLovin as undervalued around current levels and highlights its AI-powered advertising platform, strong revenue growth, high net margins and potential for continued earnings expansion. AppLovin Corporation Stock Has Fallen Too Far
- Positive Sentiment: AppLovin’s upcoming third-quarter results are expected to show solid bottom-line growth. Its most recent quarter produced $1.92 billion in revenue, up 52.8% year over year, while earnings per share matched expectations at $3.76. Comparisons with Pinterest and Snap also emphasize AppLovin’s superior profitability and growth profile. What to Expect From AppLovin’s Q3 2026 Earnings Report
- Neutral Sentiment: Multiple law firms reminded investors of a November 16 lead-plaintiff deadline for a securities class action covering purchases from February 12 through August 5, 2026. The announcements mainly repeat existing litigation news and do not represent a court finding that AppLovin committed wrongdoing. Rosen AppLovin Securities Class Action Deadline
- Negative Sentiment: The litigation alleges that AppLovin overstated the consistency of improvements to its AI models and the readiness of its generative-AI video creative tool. The case follows sharp share declines after a July analyst report and the company’s August 5 results, increasing reputational and legal-risk overhang. AppLovin Securities Fraud Class Action
- Negative Sentiment: Analyst skepticism remains a major pressure point: Piper Sandler and Wells Fargo previously cut their price targets sharply after the second-quarter report, and Citigroup has also reduced its target. Concerns center on slower advertising growth, execution against AI-product expectations and whether elevated valuation assumptions remain justified. AppLovin Stock Sell or Buy Analysis
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.
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