AppLovin (NASDAQ:APP) Stock Gets Price Target Reduction from Wedbush

AppLovin (NASDAQ:APP) had its price target decreased by Wedbush from $610.00 to $560.00 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. Wedbush currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on APP. Evercore reissued an “outperform” rating and set a $510.00 price target (down from $630.00) on shares of AppLovin in a research note on Tuesday, September 1st. Loop Capital decreased their price objective on AppLovin from $860.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. William Blair set a $440.00 price objective on AppLovin in a research report on Monday, August 17th. Oppenheimer lowered their price objective on AppLovin from $560.00 to $490.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $515.00 target price (down from $775.00) on shares of AppLovin in a research note on Thursday, August 6th. Three research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $511.32.

AppLovin Stock Down 4.7%

APP opened at $266.13 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.30 and a quick ratio of 4.30. AppLovin has a 12 month low of $260.59 and a 12 month high of $738.01. The stock has a market capitalization of $89.06 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.58 and a beta of 2.56. The business has a 50 day simple moving average of $305.16 and a 200-day simple moving average of $411.26.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, August 5th. The company reported $3.76 earnings per share for the quarter, hitting the consensus estimate of $3.76. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.39 earnings per share. On average, equities analysts anticipate that AppLovin will post 15.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AppLovin

A number of institutional investors have recently added to or reduced their stakes in APP. Signature Estate & Investment Advisors LLC grew its stake in AppLovin by 3,695.3% during the second 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 during the period. Insight Wealth Strategies LLC purchased a new position in shares of AppLovin in the 2nd quarter valued at $6,939,000. Generate Investment Management Ltd purchased a new position in shares of AppLovin in the 2nd quarter valued at $7,226,000. Nykredit A S purchased a new position in shares of AppLovin in the 2nd quarter valued at $41,902,000. Finally, Saudi Central Bank lifted its holdings in shares of AppLovin by 88.7% during the 2nd quarter. Saudi Central Bank now owns 16,070 shares of the company’s stock valued at $8,280,000 after acquiring an additional 7,555 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Wedbush said its checks indicate advertisers maintained spending during the third quarter and could increase budgets in the fourth quarter as e-commerce activity improves. The firm views upcoming third-quarter results as an important test of AppLovin’s model updates. AppLovin Q3 seen by Wedbush as key test of model update
• Positive Sentiment: Some commentary remains constructive, highlighting AppLovin’s ability to convert artificial-intelligence technology into profitable advertising applications and its potential expansion beyond mobile gaming. Third-quarter results, scheduled for November 4, could provide a near-term catalyst if revenue growth and AI monetization remain resilient. 3 Stocks That Prove the AI Trade Isn’t Over
• Neutral Sentiment: Multiple law firms are promoting the same securities class action filed against AppLovin and certain executives. The case covers investors who purchased securities from February 12 through August 5, 2026, with a November 16 deadline to seek lead-plaintiff status. The allegations concern disclosures about AI-product revenue growth and the self-service application; the claims have not been proven. Pomerantz AppLovin class action announcement
• Negative Sentiment: The legal overhang reinforces investor concerns that AppLovin may have overstated the pace of AI model improvement and future growth. Those concerns follow a July analyst report and the company’s August earnings release, which showed revenue below expectations despite 52.8% year-over-year growth. A separate analyst downgrade and doubts about whether online retailers will adopt AppLovin’s newer advertising platform are adding to the selling pressure. AppLovin Stock Has One Thing Left To Prove

About AppLovin

AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and analyze their businesses. Its platform supports user acquisition, advertising, in-app monetization and performance measurement for mobile apps.

The company’s products include MAX, a software platform that helps developers manage in-app advertising and maximize advertising revenue, as well as AppDiscovery, which supports app marketing and user acquisition.