AppLovin (NASDAQ:APP) Stock Gets Price Target Increase from Wells Fargo & Company

AppLovin (NASDAQ:APP) had its price target boosted by stock analysts at Wells Fargo & Company from $325.00 to $347.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 11.30% from the company’s current price.

Several other research firms also recently weighed in on APP. Piper Sandler reissued a “neutral” rating and issued a $355.00 price objective (up from $325.00) on shares of AppLovin in a report on Thursday. Oppenheimer restated an “outperform” rating and set a $520.00 target price (up from $490.00) on shares of AppLovin in a research report on Thursday. Phillip Securities raised shares of AppLovin from a “moderate buy” rating to a “strong-buy” rating and cut their target price for the company from $635.00 to $610.00 in a report on Tuesday, August 11th. Jefferies Financial Group reduced their price target on shares of AppLovin from $550.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, The Goldman Sachs Group increased their price target on shares of AppLovin from $400.00 to $445.00 and gave the stock a “neutral” rating in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and an average target price of $497.93.

AppLovin Stock Up 9.9%

AppLovin stock opened at $391.22 on Friday. The company has a market capitalization of $130.92 billion, a P/E ratio of 26.33, a PEG ratio of 0.86 and a beta of 2.51. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.30 and a current ratio of 3.80. AppLovin has a fifty-two week low of $225.19 and a fifty-two week high of $738.01. The stock has a 50-day simple moving average of $293.36 and a 200-day simple moving average of $409.91.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.27. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.07 billion. AppLovin had a return on equity of 182.97% and a net margin of 65.89%. The firm’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS. Equities research analysts expect that AppLovin will post 16.18 earnings per share for the current year.

Institutional Trading of AppLovin

Several institutional investors and hedge funds have recently added to or reduced their stakes in APP. Signature Estate & Investment Advisors LLC raised its stake in shares of AppLovin by 3,695.3% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 76,361 shares of the company’s stock worth $39,345,000 after buying an additional 74,349 shares in the last quarter. Insight Wealth Strategies LLC acquired a new stake in shares of AppLovin in the 2nd quarter valued at approximately $6,939,000. Generate Investment Management Ltd purchased a new stake in shares of AppLovin in the second quarter valued at approximately $7,226,000. Saudi Central Bank boosted its stake in shares of AppLovin by 88.7% in the second quarter. Saudi Central Bank now owns 16,070 shares of the company’s stock valued at $8,280,000 after buying an additional 7,555 shares in the last quarter. Finally, Nykredit A S acquired a new position in AppLovin during the second quarter worth $41,902,000. 41.85% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin reported Q3 revenue of $2.18 billion, up 55.5% year over year, and EPS of $4.30, beating analyst estimates. Net income rose 72% to $1.44 billion, with a net margin near 66%. AppLovin Q3 results
• Positive Sentiment: Q4 revenue guidance of $2.365 billion–$2.395 billion came in above expectations, supporting hopes that growth from AppLovin’s AI-powered advertising models can continue as their rollout expands. CEO Adam Foroughi also said the business could grow roughly 30% annually over the long term. CEO comments on long-term growth
• Positive Sentiment: The company expanded its share repurchase authorization to $3.6 billion, while strong cash generation gives it capacity to return capital to shareholders. Cash generation and buyback
• Neutral Sentiment: Analyst views are mixed: RBC and Oppenheimer raised their targets to $520 and reiterated positive ratings, while Wells Fargo’s raised $347 target remains below the shares’ recent trading level and carries an equal-weight rating. Analyst target changes
• Negative Sentiment: Multiple law firms publicized a pending securities class action covering investors who bought shares from February 12 through August 5, 2026. The suit alleges misleading statements about AI-model readiness and adoption of self-service ad tools; the allegations are not established findings, but the litigation could create uncertainty. The lead-plaintiff deadline is November 16. Class-action notice

About AppLovin

AppLovin is a technology company that provides software to help mobile app developers and advertisers grow their businesses. Its platform connects advertisers seeking users with app publishers looking to monetize their audiences, using data and machine-learning tools to support advertising and user acquisition.

The company’s products include AXON, its advertising optimization engine; AppDiscovery, which helps advertisers find and acquire users; and MAX, a platform for managing in-app advertising.