AppLovin (NASDAQ:APP) Shares Climb 4.8% After Analyst Upgrade

Key Points

• AppLovin shares rose 4.8% after Wells Fargo raised its price target from $325 to $347, while maintaining an equal-weight rating. Trading volume was 32% above average.
• The company reported quarterly EPS of $4.30 and revenue of $2.18 billion, beating estimates; revenue increased 55.5% year over year.
• Analyst sentiment is broadly positive: MarketBeat lists a “Moderate Buy” consensus and an average price target of $497.93. Separately, a pending securities lawsuit alleges misleading statements; the claims have not been established.

AppLovin Corporation (NASDAQ:APP - Get Free Report)'s stock price shot up 4.8% during trading on Monday 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 $412.90 and last traded at $410.00. 7,411,293 shares traded hands during trading, an increase of 32% from the average session volume of 5,632,222 shares. The stock had previously closed at $391.22.

APP has been the topic of several other reports. Citigroup reduced their price objective on AppLovin from $600.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Needham & Company LLC reiterated a "buy" rating and set a $475.00 target price on shares of AppLovin in a research note on Thursday. Weiss Ratings upgraded shares of AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 16th. Loop Capital dropped their target price on shares of AppLovin from $860.00 to $600.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Finally, BTIG Research raised their price target on shares of AppLovin from $396.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, AppLovin has an average rating of "Moderate Buy" and a consensus price target of $497.93.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Recent coverage points to strong third-quarter performance: revenue grew 55% year over year, and AppLovin’s fourth-quarter outlook reportedly exceeded analyst expectations. One analysis said the newer ad models behind the results are not yet fully rolled out, leaving room for further growth. Article: AppLovin Shares Surge as Revenue Continues to Soar Article: AppLovin Soars 44% in Two Days on Q3 Beat
• Positive Sentiment: Zacks highlighted AppLovin’s above-average financial growth as a reason growth investors may want to consider the shares, reinforcing the bullish case based on its recent business momentum. Article: Here is Why Growth Investors Should Buy AppLovin Now
• Negative Sentiment: Several law firms publicized a pending securities class action and a November 16 lead-plaintiff deadline for investors who bought shares from February 12 through August 5, 2026. The suit alleges executives made misleading statements about the readiness, integration and adoption of AppLovin’s AI models and self-service advertising tools; the claims remain allegations. The litigation may weigh on sentiment and create legal and reputational risk. Article: AppLovin Securities Class Action Alert

Institutional Trading of AppLovin

Large investors have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of AppLovin in the first quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC bought a new stake in AppLovin during the 3rd quarter valued at $25,000. Pioneer Family Office LLC bought a new stake in AppLovin during the 2nd quarter valued at $31,000. IMA Advisory Services Inc. boosted its position 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 during the period. Finally, OFI Invest Asset Management grew its stake in shares of AppLovin by 16.3% in the second quarter. OFI Invest Asset Management now owns 68,739 shares of the company's stock worth $35,000 after purchasing an additional 9,615 shares in the last quarter. Institutional investors and hedge funds own 41.85% of the company's stock.

AppLovin Stock Performance

The company has a market cap of $137.21 billion, a P/E ratio of 27.59, a PEG ratio of 0.81 and a beta of 2.51. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average price of $293.36 and a 200-day moving average price of $409.91.

AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $4.30 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.27. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.07 billion. AppLovin had a net margin of 65.89% and a return on equity of 182.97%. The company's revenue was up 55.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.45 earnings per share. Equities analysts expect that AppLovin Corporation will post 16.18 EPS for the current fiscal year.

AppLovin Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.