AppLovin (NASDAQ:APP) Stock Price Target Lowered at Citigroup

AppLovin (NASDAQ:APP) had its target price decreased by equities research analysts at Citigroup from $600.00 to $500.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 85.79% from the stock’s current price.

Several other analysts have also recently commented on the stock. Jefferies Financial Group decreased their price target on shares of AppLovin from $550.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Bank of America restated a “neutral” rating and set a $400.00 price objective (down from $430.00) on shares of AppLovin in a research report on Tuesday, August 11th. Morgan Stanley cut their price objective on AppLovin from $450.00 to $400.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Daiwa Securities Group reduced their target price on AppLovin from $569.00 to $345.00 and set an “outperform” rating on the stock in a report on Wednesday, August 19th. Finally, Evercore reiterated an “outperform” rating and issued a $510.00 target price (down from $630.00) on shares of AppLovin in a research report on Tuesday, September 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AppLovin currently has an average rating of “Moderate Buy” and a consensus price target of $507.75.

AppLovin Price Performance

NASDAQ APP traded up $2.99 during trading hours on Monday, reaching $269.12. The company’s stock had a trading volume of 2,905,672 shares, compared to its average volume of 5,574,310. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin has a 1 year low of $260.59 and a 1 year high of $738.01. The firm’s 50-day moving average price is $305.16 and its 200-day moving average price is $411.53. The company has a market capitalization of $90.06 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.56 and a beta of 2.56.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, August 5th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.76. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.39 earnings per share. On average, equities research analysts predict that AppLovin will post 15.67 EPS for the current fiscal year.

Institutional Investors Weigh In On AppLovin

A number of hedge funds have recently bought and sold shares of APP. Pioneer Family Office LLC bought a new stake in shares of AppLovin in the 2nd quarter worth about $31,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of AppLovin during the 1st quarter valued at about $25,000. SHP Wealth Management bought a new position in shares of AppLovin in the 4th quarter valued at about $52,000. LifeSteps Financial Inc. bought a new position in shares of AppLovin in the 2nd quarter valued at about $40,000. Finally, Archer Investment Corp bought a new position in shares of AppLovin in the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s second-quarter revenue increased 53% year over year to approximately $1.92 billion, and profitability grew faster than revenue. Some analysts argue the recent selloff may have created an attractive discount if the company can sustain rapid growth ahead of its expected third-quarter results in early November. Why AppLovin’s Discount May Be Unwarranted Ahead of Q3
• Neutral Sentiment: An AppLovin director reportedly acquired 67 restricted stock units. Because the transaction involved RSUs rather than a significant open-market purchase, it provides limited evidence of management’s view of the stock’s valuation. AppLovin Director Acquires 67 RSUs
• Negative Sentiment: Several investor-rights firms are promoting a securities class action covering purchases from February 12 through August 5, 2026, with a November 16 lead-plaintiff deadline. The allegations involve potentially misleading statements about projected AI-product growth, the self-service application, and the rollout of AppLovin’s generative-AI video creative tool. These are allegations, not established findings, but the litigation adds legal, reputational, and uncertainty risks. AppLovin Faces Securities Fraud Class Action
• Negative Sentiment: The lawsuit campaign follows a reported second-quarter revenue miss and concerns that machine-learning improvements and AI feature deployment may not be progressing quickly enough to support AppLovin’s exceptionally high margins and earnings expectations. The stock has fallen sharply from its 12-month high and remains below its 50-day and 200-day moving averages, reflecting continued investor skepticism. AppLovin Securities Class Action Deadline

About AppLovin

AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and operate their businesses. Its platform supports user acquisition, advertising, mediation, analytics and other functions across the mobile app ecosystem.

The company’s principal products include AppDiscovery, which helps developers market their applications and acquire users; MAX, an in-app bidding and monetization platform; and its AXON technology, an artificial intelligence-powered engine intended to improve advertising performance and match users with relevant applications and content.