Oppenheimer Reaffirms “Outperform” Rating for AppLovin (NASDAQ:APP)

AppLovin (NASDAQ:APP)‘s stock had its “outperform” rating restated by equities researchers at Oppenheimer in a report issued on Thursday, Benzinga reports. They currently have a $520.00 price objective on the stock, up from their previous price objective of $490.00. Oppenheimer‘s price objective suggests a potential upside of 32.92% from the company’s previous close.

A number of other analysts have also recently commented on the company. Evercore reaffirmed an “outperform” rating and set a $510.00 price target (down from $630.00) on shares of AppLovin in a research report on Tuesday, September 1st. Citigroup cut their price objective on AppLovin from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Benchmark reduced their price objective on AppLovin from $500.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, August 17th. HSBC decreased their target price on AppLovin from $450.00 to $409.00 and set a “buy” rating for the company in a report on Monday, October 5th. Finally, Wells Fargo & Company dropped their target price on AppLovin from $357.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 19th. Three investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $497.93.

AppLovin Stock Performance

NASDAQ:APP traded up $35.12 during trading hours on Thursday, hitting $391.22. 11,683,563 shares of the company were exchanged, compared to its average volume of 3,772,017. The stock has a market capitalization of $130.92 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 0.51 and a beta of 2.51. AppLovin has a 52-week low of $225.19 and a 52-week high of $738.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.30 and a quick ratio of 4.30. The company’s 50 day moving average price is $293.36 and its 200-day moving average price is $409.91.

AppLovin (NASDAQ:APP) last posted 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 business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.07 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The business’s quarterly revenue was up 55.5% on a year-over-year basis. During the same quarter last year, the company posted $2.45 earnings per share. As a group, research analysts forecast that AppLovin will post 15.79 earnings per share for the current year.

Hedge Funds Weigh In On AppLovin

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

Key AppLovin News

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

AppLovin Company Profile

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.