AppLovin (NASDAQ:APP) Price Target Raised to $515.00

Key Points

• JPMorgan raised its price target on AppLovin from $500 to $515 while maintaining a "neutral" rating, implying only about a 3.5% upside from the then-current price.
• Q1 results beat expectations — revenue of $1.84 billion (≈+59% YoY) and adjusted EPS $3.56 — and management raised next-quarter revenue guidance (midpoint ~ $1.93 billion), sending the stock higher intraday.
• Other analysts pushed targets materially higher (Needham $700, Piper $665) and the consensus target sits around $664.35, but the stock is richly valued and volatile while insiders have sold significant shares recently.

AppLovin (NASDAQ:APP - Get Free Report) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $500.00 to $515.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 3.46% from the company's current price.

Other analysts also recently issued reports about the company. Arete Research set a $340.00 price objective on AppLovin and gave the company a "neutral" rating in a report on Monday, March 2nd. Argus started coverage on shares of AppLovin in a report on Tuesday, April 14th. They set a "buy" rating and a $520.00 target price on the stock. Needham & Company LLC restated a "buy" rating and issued a $700.00 price target on shares of AppLovin in a report on Thursday. Weiss Ratings cut shares of AppLovin from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, March 10th. Finally, Piper Sandler increased their price objective on shares of AppLovin from $650.00 to $665.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $664.35.

AppLovin Trading Up 6.2%

Shares of NASDAQ APP traded up $28.95 during trading hours on Thursday, reaching $497.78. The stock had a trading volume of 10,620,647 shares, compared to its average volume of 5,597,540. AppLovin has a 52-week low of $320.00 and a 52-week high of $745.61. The firm has a market cap of $167.89 billion, a price-to-earnings ratio of 51.05, a P/E/G ratio of 0.83 and a beta of 2.37. The business's fifty day moving average price is $440.72 and its two-hundred day moving average price is $533.67. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 1.65.

AppLovin (NASDAQ:APP - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, beating analysts' consensus estimates of $3.44 by $0.12. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $1.67 EPS. AppLovin's revenue was up 58.9% on a year-over-year basis. Analysts expect that AppLovin will post 15.72 EPS for the current fiscal year.

Insider Buying and Selling at AppLovin

In other news, CTO Vasily Shikin sold 5,231 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.47, for a total value of $2,497,645.57. Following the sale, the chief technology officer directly owned 30,658 shares in the company, valued at approximately $14,638,275.26. This trade represents a 14.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eduardo Vivas sold 163,910 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $453.49, for a total transaction of $74,331,545.90. Following the transaction, the director owned 6,969,382 shares of the company's stock, valued at approximately $3,160,545,043.18. This trade represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 365,244 shares of company stock valued at $169,584,607. 13.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AppLovin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC purchased a new stake in shares of AppLovin during the fourth quarter worth about $294,000. Bison Wealth LLC purchased a new stake in AppLovin during the 4th quarter worth approximately $239,000. Integrated Wealth Concepts LLC increased its stake in AppLovin by 58.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company's stock valued at $448,000 after purchasing an additional 621 shares in the last quarter. NewEdge Advisors LLC increased its stake in AppLovin by 5.7% during the 2nd quarter. NewEdge Advisors LLC now owns 14,523 shares of the company's stock valued at $5,084,000 after purchasing an additional 782 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of AppLovin by 7.2% in the second quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company's stock worth $48,727,000 after buying an additional 9,380 shares during the last quarter. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Key AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Q1 results beat expectations — revenue $1.84B (+59% YoY) and adjusted EPS $3.56; company raised next-quarter revenue guidance (midpoint ~$1.93B). Strong ad demand and AI tools cited as the driver. BusinessWire Q1 Release
• Positive Sentiment: Analysts lifted ratings and targets after the print — Wedbush reaffirmed outperform with $640 PT, Wells Fargo raised its PT to $571, Needham kept a $700 buy target, and BTIG reaffirmed at $640 — supporting upside momentum. Benzinga (analyst notes)
• Positive Sentiment: High profitability highlighted: coverage notes AppLovin converts a large share of revenue into profit (very strong margins and cash conversion), which amplifies the impact of revenue growth on earnings. Yahoo — “AppLovin Is Printing Money”
• Neutral Sentiment: Market reaction has been mixed/volatile intraday — early jumps in premarket trading were followed by pullbacks as traders digested details; headlines emphasize both the beat and the swings. Yahoo — Volatile Reaction
• Neutral Sentiment: Several outlets and models raised near‑term price forecasts (24/7 Wall St., 247WallStreet) after the beat, which can support momentum but are forward-looking and model-dependent. 247WallSt price note
• Negative Sentiment: Valuation and risk remain a concern for some investors — the stock is richly valued vs. peers and has high beta, so even good results can prompt profit-taking and choppy trading. Pre‑earnings caution pieces flagged rich multiples. Zacks — Pre‑earnings caution
• Neutral Sentiment: Earnings call transcript and management commentary are available for deeper read; watch commentary on ad demand sustainability, AI rollouts, and margin drivers for clues on whether the rally will persist. Seeking Alpha transcript

About AppLovin

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.

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