AppLovin Stock Price, News & Analysis (NYSE:APP)

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AppLovin in the last twelve months. There are currently 1 sell rating, 3 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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16 equities research analysts have issued 12-month price objectives for AppLovin's shares. Their APP share price targets range from $16.00 to $58.50. On average, they anticipate the company's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
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AppLovin's stock was trading at $10.53 at the beginning of the year. Since then, APP shares have increased by 265.4% and is now trading at $38.48.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
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AppLovin Co. (NYSE:APP) announced its quarterly earnings results on Wednesday, August, 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate 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 11.48% and a net margin of 3.46%. The business's revenue was down 3.4% on a year-over-year basis. During the same quarter last 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).

(APP) raised $2 billion in an IPO 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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include SVB Wealth LLC (2.24%), Kohlberg Kravis Roberts & Co. L.P. (1.28%), Kensico Capital Management Corp (0.57%), Morgan Stanley (0.55%), Ameriprise Financial Inc. (0.40%) and Charles Schwab Investment Management Inc. (0.28%). 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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