AppLovin (APP) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AppLovin in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" APP shares.
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17 equities research analysts have issued twelve-month price objectives for AppLovin's stock. Their APP share price forecasts range from $16.00 to $57.00. On average, they predict the company's share price to reach $41.25 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
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AppLovin's stock was trading at $10.53 on January 1st, 2023. Since then, APP shares have increased by 275.7% and is now trading at $39.56.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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AppLovin Co. (NYSE:APP) issued its quarterly earnings results on Wednesday, August, 9th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.14. The firm earned $750.17 million during the quarter, compared to analysts' expectations of $724.41 million. AppLovin had a trailing twelve-month return on equity of 5.51% and a net margin of 0.70%. AppLovin's revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share.

ETFs with the largest weight of AppLovin (NYSE:APP) stock in their portfolio include Global X Video Games & Esports ETF (HERO), Pinnacle Focused Opportunities ETF (FCUS), Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG), Invesco Dorsey Wright Technology Momentum ETF (PTF), Roundhill Video Games ETF (NERD), ERShares Entrepreneurs ETF (ENTR), First Trust Cloud Computing ETF (SKYY) and SPDR FactSet Innovative Technology ETF (XITK).

AppLovin updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $780.00 million-$800.00 million, compared to the consensus revenue estimate of $741.41 million.

(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.

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

AppLovin's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.29%), State Street Corp (0.84%), Geode Capital Management LLC (0.68%), Spyglass Capital Management LLC (0.67%), Kensico Capital Management Corp (0.55%) and Pacer Advisors Inc. (0.52%). 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, 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 $39.56.

AppLovin (NYSE:APP) has a market capitalization of $13.76 billion and generates $2.82 billion in revenue each year. The company earns $-192,750,000.00 in net income (profit) each year or $0.06 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.