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, 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" APP shares.
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17 Wall Street analysts have issued 1-year target prices for AppLovin's shares. Their APP share price forecasts range from $16.00 to $57.00. On average, they anticipate the company's stock price to reach $41.25 in the next twelve months. This suggests a possible upside of 5.4% 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 271.6% and is now trading at $39.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our APP earnings forecast.

AppLovin Co. (NYSE:APP) issued its earnings results on Wednesday, August, 9th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.14. The business earned $750.17 million during the quarter, compared to the consensus estimate of $724.41 million. AppLovin had a trailing twelve-month return on equity of 5.51% and a net margin of 0.70%. The company's revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS.

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 (EPS) 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."

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 $39.13.

AppLovin (NYSE:APP) has a market capitalization of $13.61 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.