Wedbush Raises AppLovin (NASDAQ:APP) Price Target to $100.00

AppLovin (NASDAQ:APP) had its price objective boosted by Wedbush from $87.00 to $100.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock. Wedbush also issued estimates for AppLovin’s Q1 2026 earnings at $0.73 EPS.

A number of other analysts have also recently commented on the company. Daiwa Capital Markets began coverage on AppLovin in a research report on Monday, April 15th. They set a neutral rating and a $80.00 target price on the stock. BTIG Research boosted their price objective on AppLovin from $65.00 to $87.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Oppenheimer raised their target price on shares of AppLovin from $70.00 to $85.00 and gave the stock an outperform rating in a research report on Monday, April 8th. Stifel Nicolaus upped their price target on shares of AppLovin from $65.00 to $85.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Finally, TheStreet raised shares of AppLovin from a d+ rating to a c- rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $71.72.

AppLovin Price Performance

APP stock opened at $86.43 on Thursday. The stock has a market cap of $28.47 billion, a price-to-earnings ratio of 51.45, a PEG ratio of 1.66 and a beta of 1.85. AppLovin has a fifty-two week low of $20.90 and a fifty-two week high of $88.50. The company has a quick ratio of 1.71, a current ratio of 2.11 and a debt-to-equity ratio of 4.59. The business has a 50 day moving average price of $70.58 and a 200 day moving average price of $52.75.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $973.70 million. AppLovin had a net margin of 16.46% and a return on equity of 51.55%. The company’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. Equities research analysts anticipate that AppLovin will post 2.96 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Victoria Valenzuela sold 2,890 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.76, for a total value of $166,926.40. Following the completion of the transaction, the insider now owns 546,560 shares in the company, valued at approximately $31,569,305.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Victoria Valenzuela sold 2,890 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $57.76, for a total value of $166,926.40. Following the sale, the insider now owns 546,560 shares in the company, valued at approximately $31,569,305.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Craig Scott Billings sold 5,550 shares of AppLovin stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $58.33, for a total value of $323,731.50. Following the transaction, the director now directly owns 12,739 shares of the company’s stock, valued at $743,065.87. The disclosure for this sale can be found here. Insiders sold 61,215 shares of company stock valued at $4,416,815 in the last three months. 14.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AppLovin

A number of large investors have recently added to or reduced their stakes in APP. Covestor Ltd raised its position in AppLovin by 85.8% during the first quarter. Covestor Ltd now owns 511 shares of the company’s stock worth $35,000 after acquiring an additional 236 shares during the last quarter. Catalytic Wealth RIA LLC acquired a new position in shares of AppLovin during the 1st quarter worth approximately $325,000. Acadian Asset Management LLC lifted its stake in AppLovin by 2,081.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,339 shares of the company’s stock valued at $1,127,000 after buying an additional 15,590 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in AppLovin during the 1st quarter valued at $207,000. Finally, Intech Investment Management LLC purchased a new position in AppLovin during the first quarter worth $808,000. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Company Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.