Research Analysts’ Recent Ratings Updates for AppLovin (APP)

Several analysts have recently updated their ratings and price targets for AppLovin (NASDAQ: APP):

• 1/27/2025 – AppLovin had its price target raised by analysts at The Goldman Sachs Group, Inc. from $220.00 to $335.00. They now have a “neutral” rating on the stock.
• 1/22/2025 – AppLovin had its price target raised by analysts at UBS Group AG from $315.00 to $440.00. They now have a “buy” rating on the stock.
• 1/13/2025 – AppLovin had its price target raised by analysts at Wells Fargo & Company from $360.00 to $366.00. They now have an “overweight” rating on the stock.
• 1/10/2025 – AppLovin had its price target raised by analysts at JPMorgan Chase & Co. from $200.00 to $325.00. They now have a “neutral” rating on the stock.
• 1/10/2025 – AppLovin is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $375.00 price target on the stock.
• 1/8/2025 – AppLovin had its price target raised by analysts at Jefferies Financial Group Inc. from $400.00 to $425.00. They now have a “buy” rating on the stock.
• 12/16/2024 – AppLovin had its price target raised by analysts at Loop Capital from $385.00 to $450.00. They now have a “buy” rating on the stock.
• 12/10/2024 – AppLovin had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $480.00 price target on the stock.
• 12/6/2024 – AppLovin had its price target raised by analysts at Macquarie from $270.00 to $450.00. They now have an “outperform” rating on the stock.
• 12/5/2024 – AppLovin had its price target raised by analysts at Citigroup Inc. from $335.00 to $460.00. They now have a “buy” rating on the stock.
• 12/5/2024 – AppLovin had its price target raised by analysts at Stifel Nicolaus from $250.00 to $435.00. They now have a “buy” rating on the stock.

AppLovin Trading Down 0.2 %

Shares of APP stock opened at $365.51 on Friday. The stock has a market cap of $122.66 billion, a P/E ratio of 110.76, a price-to-earnings-growth ratio of 2.96 and a beta of 2.29. AppLovin Co. has a 1 year low of $40.71 and a 1 year high of $417.64. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70. The stock has a 50 day simple moving average of $340.85 and a 200 day simple moving average of $205.26.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.33. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. AppLovin’s revenue was up 38.6% compared to the same quarter last year. On average, research analysts predict that AppLovin Co. will post 4.06 earnings per share for the current fiscal year.

Insider Activity at AppLovin

In other AppLovin news, CEO Arash Adam Foroughi sold 1,676 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $356.39, for a total value of $597,309.64. Following the completion of the transaction, the chief executive officer now owns 3,058,635 shares of the company’s stock, valued at $1,090,066,927.65. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Vasily Shikin sold 593,588 shares of AppLovin stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $319.37, for a total value of $189,574,199.56. Following the sale, the chief technology officer now directly owns 3,919,024 shares in the company, valued at $1,251,618,694.88. The trade was a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 888,867 shares of company stock valued at $284,773,062 over the last ninety days. 14.69% of the stock is owned by corporate insiders.

Institutional Trading of AppLovin

Several institutional investors have recently modified their holdings of APP. FMR LLC lifted its position in shares of AppLovin by 622.8% in the 3rd quarter. FMR LLC now owns 7,893,237 shares of the company’s stock worth $1,030,462,000 after purchasing an additional 6,801,138 shares during the period. Jennison Associates LLC acquired a new position in AppLovin in the fourth quarter valued at $414,462,000. WCM Investment Management LLC lifted its holdings in AppLovin by 10.5% in the third quarter. WCM Investment Management LLC now owns 10,820,409 shares of the company’s stock valued at $1,382,307,000 after buying an additional 1,029,009 shares during the period. Janus Henderson Group PLC boosted its position in AppLovin by 31.3% during the third quarter. Janus Henderson Group PLC now owns 2,350,802 shares of the company’s stock valued at $306,897,000 after acquiring an additional 560,560 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in AppLovin by 2,200.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 523,149 shares of the company’s stock worth $68,297,000 after acquiring an additional 500,407 shares during the period. Institutional investors own 41.85% of the company’s stock.

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.