AppLovin - APP Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AppLovin in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" APP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APP, but not buy additional shares or sell existing shares.
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17 analysts have issued twelve-month target prices for AppLovin's stock. Their APP share price forecasts range from $9.00 to $70.00. On average, they expect the company's share price to reach $26.18 in the next twelve months. This suggests a possible upside of 84.7% from the stock's current price.
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AppLovin's stock was trading at $10.53 at the beginning of 2023. Since then, APP stock has increased by 34.6% and is now trading at $14.17.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our APP earnings forecast.

AppLovin Co. (NYSE:APP) announced its quarterly earnings results on Tuesday, August, 10th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by $0.01. The business earned $668.81 million during the quarter, compared to the consensus estimate of $641.78 million. AppLovin had a negative net margin of 6.84% and a positive trailing twelve-month return on equity of 3.59%.

ETFs with the largest weight of AppLovin (NYSE:APP) stock in their portfolio include First Trust Cloud Computing ETF (SKYY), Global X Video Games & Esports ETF (HERO), Roundhill Video Games ETF (NERD), SPDR FactSet Innovative Technology ETF (XITK), ProShares Ultra Cloud Computing (SKYU), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), Renaissance IPO ETF (IPO) and AI Powered Equity ETF (AIEQ).

AppLovin issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $685.00 million-$705.00 million, compared to the consensus revenue estimate of $682.17 million.

(APP) raised $2 billion in an initial public offering on Thursday, April 15th 2021. The company issued 25,000,000 shares at $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.

AppLovin trades on the New York Stock Exchange (NYSE) under the ticker symbol "APP."

AppLovin's stock is owned by many different retail and institutional investors. Top institutional investors include Spruce House Investment Management LLC (1.35%), First Trust Advisors LP (1.05%), AQR Capital Management LLC (0.84%), Spyglass Capital Management LLC (0.75%), Renaissance Technologies LLC (0.58%) and Geode Capital Management LLC (0.58%). Insiders that own company stock include Andrew Karam, Arash Adam Foroughi, Craig Scott Billings, Denali Holdings LP Kkr, Eduardo Vivas, Elena Arutunian, Herald Y Chen, John Krystynak, Katie Kihorany Jansen, Kkr Group Partnership LP, Pride Holdings Ltd Angel, Vasily Shikin and Victoria Valenzuela.
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Shares of APP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APP stock can currently be purchased for approximately $14.17.

AppLovin (NYSE:APP) has a market capitalization of $5.33 billion and generates $2.82 billion in revenue each year. The company earns $-192,750,000.00 in net income (profit) each year or ($0.52) on an earnings per share basis.

The company employs 1,707 workers across the globe.

AppLovin's mailing address is 1100 PAGE MILL ROAD, PALO ALTO CA, 94304. The official website for the company is www.applovin.com. The company can be reached via phone at 800-839-9646 or via email at ir@applovin.com.