AppLovin (NASDAQ:APP) Stock Gets Price Target Trim from Royal Bank Of Canada

AppLovin (NASDAQ:APP) had its price objective lowered by Royal Bank Of Canada from $575.00 to $500.00 in a research report released on Wednesday, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on APP. Wells Fargo & Company lowered their target price on shares of AppLovin from $357.00 to $325.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 19th. UBS Group reduced their price target on shares of AppLovin from $790.00 to $414.00 and set a “buy” rating for the company in a research report on Wednesday. William Blair set a $440.00 price target on shares of AppLovin in a research report on Monday, August 17th. Bank of America cut shares of AppLovin from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $430.00 to $400.00 in a report on Tuesday, August 11th. Finally, Piper Sandler reiterated a “neutral” rating on shares of AppLovin in a research report on Friday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and a consensus target price of $491.64.

AppLovin Stock Down 10.4%

Shares of NASDAQ APP opened at $228.50 on Wednesday. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. The company has a market cap of $76.47 billion, a P/E ratio of 17.56, a P/E/G ratio of 0.53 and a beta of 2.56. AppLovin has a 52 week low of $225.19 and a 52 week high of $738.01. The business has a 50-day simple moving average of $294.20 and a two-hundred day simple moving average of $417.58.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $3.76 earnings per share for the quarter, meeting the consensus estimate of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business posted $2.39 earnings per share. The company’s revenue was up 52.8% on a year-over-year basis. Research analysts anticipate that AppLovin will post 15.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AppLovin

A number of hedge funds and other institutional investors have recently bought and sold shares of APP. Revolve Wealth Partners LLC raised its holdings in AppLovin by 2.8% in the second quarter. Revolve Wealth Partners LLC now owns 851 shares of the company’s stock valued at $438,000 after acquiring an additional 23 shares in the last quarter. IMA Advisory Services Inc. lifted its stake in AppLovin by 40.0% in the first quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock worth $33,000 after acquiring an additional 24 shares during the last quarter. PFG Investments LLC lifted its stake in AppLovin by 4.1% in the first quarter. PFG Investments LLC now owns 706 shares of the company’s stock worth $281,000 after acquiring an additional 28 shares during the last quarter. Sovran Advisors LLC grew its holdings in AppLovin by 5.7% during the 1st quarter. Sovran Advisors LLC now owns 517 shares of the company’s stock worth $206,000 after acquiring an additional 28 shares in the last quarter. Finally, PCB Capital LLC grew its holdings in AppLovin by 1.3% during the 1st quarter. PCB Capital LLC now owns 2,261 shares of the company’s stock worth $900,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Key AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin continues to attract bullish attention from some Wall Street analysts. Its average brokerage recommendation remains equivalent to a Buy, while previously published price targets are substantially above the current trading level. AppLovin also delivered strong growth in 2025 and has expanded its software-based advertising business. Is AppLovin a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Wurl, AppLovin’s subsidiary, launched a Content Intelligence Platform designed to improve transparency and measurement in connected-TV advertising. The initiative could support AppLovin’s expansion into additional digital-advertising channels. AppLovin Flags CTV Ad Transparency Gaps
• Neutral Sentiment: Institutional positioning is mixed: 712 investors added APP shares in their latest reported quarter, while 765 reduced positions. Large purchases by Invesco, Capital World Investors, and JPMorgan contrast with complete or sizable reductions by some other funds.
• Negative Sentiment: Investor concern has intensified ahead of the November 4 earnings report. Recent commentary points to stable rather than accelerating advertiser demand, more conservative estimates, and questions about whether improvements to AppLovin’s advertising models are continuing at the earlier pace. AppLovin Slides as Investors Weigh Slower Growth Signals
• Negative Sentiment: Multiple law firms reported a securities class action covering investors who purchased APP securities from February 12 through August 5, 2026. The allegations center on disclosures about AI advertising-model improvements and the readiness of AppLovin’s generative-AI video tool. The lead-plaintiff deadline is November 16, adding legal and reputational risk. AppLovin Faces Securities Fraud Class Action
• Negative Sentiment: Reported insider activity has consisted entirely of sales over the past six months, including sales by the CEO and chief technology officer. Although insider sales do not necessarily indicate deteriorating fundamentals, the pattern may weigh on sentiment while the stock remains well below its 52-week high.

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.