AppLovin (APP) Stock Price, News & Analysis

$84.69
+10.69 (+14.45%)
(As of 05/9/2024 ET)
Today's Range
$80.67
$88.50
50-Day Range
$60.03
$84.69
52-Week Range
$17.57
$88.50
Volume
15.13 million shs
Average Volume
4.16 million shs
Market Capitalization
$27.90 billion
P/E Ratio
84.69
Dividend Yield
N/A
Price Target
$63.60

AppLovin MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
18.7% Downside
$68.89 Price Target
Short Interest
Healthy
13.45% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.89mentions of AppLovin in the last 14 days
Based on 37 Articles This Week
Insider Trading
Selling Shares
$4.42 M Sold Last Quarter
Proj. Earnings Growth
23.62%
From $2.54 to $3.14 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.87 out of 5 stars

Business Services Sector

146th out of 310 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

30th out of 59 stocks

APP stock logo

About AppLovin Stock (NASDAQ:APP)

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. It also offers SparkLabs, which uses app store optimization to enhance ad visibility; AppLovin Exchange, which connects buyers to mobile and CTV devices through a single and direct RTB exchange; and Array, an end-to-end app management suite for mobile operators and end users. In addition, the company operates various free-to-play mobile games. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, indie studio developers, and internet platforms. AppLovin Corporation was incorporated in 2011 and is headquartered in Palo Alto, California.

APP Stock Price History

APP Stock News Headlines

READ THIS – If You Missed Out On The AI Boom
Adam’s research shows a radical new technology is set to grow 10X faster than the internet … and drastically alter manufacturing, healthcare, agriculture … even energy. Nvidia’s CEO said it will be, “flat out, the biggest [tech] revolution ever.”
Why AppLovin (APP) Stock Is Trading Up Today
READ THIS – If You Missed Out On The AI Boom
Adam’s research shows a radical new technology is set to grow 10X faster than the internet … and drastically alter manufacturing, healthcare, agriculture … even energy. Nvidia’s CEO said it will be, “flat out, the biggest [tech] revolution ever.”
SaltLight Capital Q1 2024 Co-Investor Letter
AppLovin A earnings preview: what to expect
AppLovin (NASDAQ:APP) Price Target Raised to $85.00
Beyond The Numbers: 9 Analysts Discuss AppLovin Stock
AppLovin (APP) Set to Announce Earnings on Wednesday
The Top 3 Software Stocks to Buy in April 2024
See More Headlines
Receive APP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for AppLovin and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/08/2024
Today
5/09/2024
Next Earnings (Estimated)
8/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:APP
Fax
N/A
Employees
1,745
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$68.89
High Stock Price Target
$105.00
Low Stock Price Target
$28.00
Potential Upside/Downside
-24.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
18 Analysts

Profitability

Net Income
$356.71 million
Pretax Margin
11.59%

Debt

Sales & Book Value

Annual Sales
$2.63 billion
Cash Flow
$2.83 per share
Book Value
$3.70 per share

Miscellaneous

Free Float
281,028,000
Market Cap
$27.90 billion
Optionable
Not Optionable
Beta
1.85
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

APP Stock Analysis - Frequently Asked Questions

Should I buy or sell AppLovin stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AppLovin in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" APP shares.
View APP analyst ratings
or view top-rated stocks.

What is AppLovin's stock price target for 2024?

18 equities research analysts have issued 1-year target prices for AppLovin's shares. Their APP share price targets range from $28.00 to $105.00. On average, they predict the company's share price to reach $68.89 in the next year. This suggests that the stock has a possible downside of 18.7%.
View analysts price targets for APP
or view top-rated stocks among Wall Street analysts.

How have APP shares performed in 2024?

AppLovin's stock was trading at $39.85 at the beginning of the year. Since then, APP stock has increased by 112.5% and is now trading at $84.69.
View the best growth stocks for 2024 here
.

When is AppLovin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our APP earnings forecast
.

How were AppLovin's earnings last quarter?

AppLovin Co. (NASDAQ:APP) posted its quarterly earnings results on Wednesday, May, 8th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.10. The company earned $1.06 billion during the quarter, compared to analysts' expectations of $973.70 million. AppLovin had a trailing twelve-month return on equity of 24.69% and a net margin of 10.84%. The business's revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share.

What guidance has AppLovin issued on next quarter's earnings?

AppLovin issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion.

When did AppLovin IPO?

AppLovin (APP) raised $2 billion in an initial public offering (IPO) on Thursday, April 15th 2021. The company issued 25,000,000 shares at a price of $75.00-$85.00 per share. Morgan Stanley, J.P. Morgan, KKR, BofA Securities, Citigroup, Credit Suisse and UBS Investment Bank served as the underwriters for the IPO and Oppenheimer & Co., Stifel, Truist Securities, William Blair, LionTree, LUMA Securities, The Raine Group, Blaylock Van, LLC, Guzman & Company, R. Seelaus & Co., LLC and Roberts & Ryan were co-managers.

Who are AppLovin's major shareholders?

AppLovin's stock is owned by many different retail and institutional investors. Top institutional investors include WCM Investment Management LLC (2.10%), Sapient Capital LLC (1.15%), Raymond James & Associates (0.45%), Jackson Square Partners LLC (0.24%), Lord Abbett & CO. LLC (0.22%) and Russell Investments Group Ltd. (0.20%). Insiders that own company stock include Andrew Karam, Arash Adam Foroughi, Craig Scott Billings, Dawson Alyssa Harvey, Denali Holdings LP Kkr, Eduardo Vivas, Elena Arutunian, Herald Y Chen, John Krystynak, Katie Kihorany Jansen, Matthew Stumpf, Pride Holdings Ltd Angel, Vasily Shikin and Victoria Valenzuela.
View institutional ownership trends
.

How do I buy shares of AppLovin?

Shares of APP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:APP) was last updated on 5/10/2024 by MarketBeat.com Staff

From Our Partners