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AppLovin (APP) Stock Forecast & Price Target

$84.57
+2.08 (+2.52%)
(As of 05/20/2024 ET)

AppLovin - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 18 Analyst Ratings

Consensus Price Target

$71.72
-15.20% Downside
High Forecast$105.00
Average Forecast$71.72
Low Forecast$28.00
TypeCurrent Forecast
5/21/23 to 5/20/24
1 Month Ago
4/21/23 to 4/20/24
3 Months Ago
2/20/23 to 2/20/24
1 Year Ago
5/21/22 to 5/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
12 Buy rating(s)
11 Buy rating(s)
10 Buy rating(s)
Hold
5 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$71.72$59.31$50.04$24.94
Forecasted Upside-15.20% Downside15.17% Upside19.81% Upside49.61% Upside
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APP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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APP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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AppLovin Stock vs. The Competition

TypeAppLovinBusiness Services CompaniesS&P 500
Consensus Rating Score
2.61
2.63
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-15.20% Downside154.10% Upside8.06% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/10/2024Citigroup
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 Boost TargetBuy ➝ Buy$80.00 ➝ $98.00+13.39%
5/9/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$93.00 ➝ $105.00+24.22%
5/9/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$85.00 ➝ $97.00+13.86%
5/9/2024BTIG Research
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 Boost TargetBuy ➝ Buy$87.00 ➝ $100.00+13.80%
5/9/2024Needham & Company LLC
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 Reiterated RatingHold
5/9/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$85.00 ➝ $98.00+19.37%
5/9/2024Wedbush
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 Boost TargetOutperform ➝ Outperform$87.00 ➝ $100.00+35.14%
5/9/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$73.00 ➝ $100.00+35.14%
4/16/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$55.00 ➝ $70.00-3.39%
4/15/2024Daiwa Capital Markets
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 Initiated CoverageNeutral$80.00+5.86%
2/15/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$46.00 ➝ $55.00-4.41%
12/18/2023HSBC
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 Initiated CoverageBuy$53.20+33.17%
11/9/2023Benchmark
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 Boost TargetSell ➝ Sell$22.00 ➝ $28.00-30.52%
9/14/2023Bank of America
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 Boost TargetBuy ➝ Buy$41.00 ➝ $57.00+39.67%
8/14/2023Truist Financial
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 Boost TargetBuy ➝ Buy$35.00 ➝ $45.00+13.21%
8/11/2023DA Davidson
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 Boost TargetBuy ➝ Buy$32.00 ➝ $40.00+3.82%
8/10/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$21.00 ➝ $36.00-1.61%
8/10/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$49.00 ➝ $57.00+93.81%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 09:46 PM ET.

APP Frequently Asked Questions

What is AppLovin's stock forecast and purchase recommendation?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for AppLovin is $71.72, with a high forecast of $105.00 and a low forecast of $28.00. The consensus rating for AppLovin stock is Moderate Buy based on the current 1 sell rating, 5 hold ratings and 12 buy ratings for APP. Learn more on APP's analyst rating history.

Do Wall Street analysts like AppLovin more than its competitors?

Analysts like AppLovin less than other "business services" companies. The consensus rating score for AppLovin is 2.61 while the average consensus rating score for "business services" companies is 2.62. Learn more on how APP compares to other companies.

Does AppLovin's stock price have much upside?

According to analysts, AppLovin's stock has a predicted upside of 16.67% based on their 12-month stock forecasts.

What analysts cover AppLovin?

Stock Forecasts and Research Tools

This page (NASDAQ:APP) was last updated on 5/20/2024 by MarketBeat.com Staff

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