AppLovin (NASDAQ:APP) Shares Climb 9.9% on Analyst Upgrade

Posted by Geri Gentry on Nov 6th, 2026

AppLovin Corporation (NASDAQ:APP – Get Free Report)’s share price traded up 9.9% on Friday after Wells Fargo & Company raised their price target on the stock from $325.00 to $347.00. Wells Fargo & Company currently has an equal weight rating on the stock. AppLovin traded as high as $398.00 and last traded at $391.22. Approximately 11,480,721 shares changed hands during mid-day trading, an increase of 104% from the average daily volume of 5,615,114 shares. The stock had previously closed at $356.10.

APP has been the topic of several other research reports. Bank of America lowered shares of AppLovin from a “buy” rating to a “neutral” rating and reduced their price target for the company from $430.00 to $400.00 in a research report on Tuesday, August 11th. Piper Sandler reiterated a “neutral” rating and issued a $355.00 price objective (up from $325.00) on shares of AppLovin in a research report on Thursday. Benchmark lowered their price objective on AppLovin from $500.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, August 17th. UBS Group cut their target price on AppLovin from $790.00 to $414.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, BTIG Research lifted their target price on AppLovin from $396.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and a consensus target price of $497.93.

Check Out Our Latest Stock Analysis on APP

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

Positive Sentiment: AppLovin reported Q3 revenue of $2.18 billion, up 55.5% year over year, and EPS of $4.30, beating analyst expectations. Net income rose 72% to about $1.44 billion. AppLovin Stock What Changed After Its Earnings Beat
Positive Sentiment: Management’s Q4 revenue forecast of $2.365 billion–$2.395 billion topped expectations, reinforcing optimism that AI-powered advertising growth can continue as the company rolls out its models. AppLovin earnings show AI advertising is still in early innings
Positive Sentiment: AppLovin expanded its share-repurchase authorization to $3.6 billion, a signal of confidence in cash generation. RBC and Oppenheimer also raised their price targets to $520 and maintained positive ratings. Analysts rethink AppLovin stock price targets after earnings
Neutral Sentiment: Wells Fargo raised its target to $347 but kept an “equal weight” rating; the target remains below the share price cited in the report, reflecting more cautious views on valuation. Wells Fargo recommendations
Negative Sentiment: Several law firms publicized a securities class action covering investors who bought shares from February 12 through August 5, 2026. The suit alleges misleading statements about the readiness and adoption of AppLovin’s AI models and self-service ad tools; these are allegations, but the litigation could create legal and reputational risk. AppLovin facing securities fraud class action

Institutional Trading of AppLovin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC raised its holdings in shares of AppLovin by 2.8% in the 2nd quarter. Revolve Wealth Partners LLC now owns 851 shares of the company’s stock valued at $438,000 after buying an additional 23 shares during the period. IMA Advisory Services Inc. lifted its stake in AppLovin by 40.0% during the 1st quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock worth $33,000 after acquiring an additional 24 shares in the last quarter. PFG Investments LLC lifted its stake in AppLovin by 4.1% during the 1st quarter. PFG Investments LLC now owns 706 shares of the company’s stock worth $281,000 after acquiring an additional 28 shares in the last quarter. Sovran Advisors LLC lifted its stake in AppLovin by 5.7% during the 1st quarter. Sovran Advisors LLC now owns 517 shares of the company’s stock worth $206,000 after acquiring an additional 28 shares in the last quarter. Finally, PCB Capital LLC boosted its holdings in AppLovin by 1.3% during the 1st quarter. PCB Capital LLC now owns 2,261 shares of the company’s stock valued at $900,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Stock Up 9.9%

The business has a fifty day moving average of $291.78 and a 200 day moving average of $410.78. The company has a market capitalization of $130.92 billion, a PE ratio of 26.33, a PEG ratio of 0.60 and a beta of 2.51. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11.

AppLovin (NASDAQ:APP – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.27. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.07 billion. AppLovin had a net margin of 65.89% and a return on equity of 196.31%. The business’s revenue for the quarter was up 55.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 earnings per share. Equities research analysts anticipate that AppLovin Corporation will post 15.61 EPS for the current year.

About AppLovin

(Get Free Report)

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.