AppLovin’s (APP) “Buy” Rating Reaffirmed at Needham & Company LLC

AppLovin (NASDAQ:APP)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued to investors on Thursday, Benzinga reports. They presently have a $475.00 price objective on the stock. Needham & Company LLC‘s price objective points to a potential upside of 74.79% from the stock’s current price.

A number of other research analysts also recently commented on APP. Morgan Stanley lowered their target price on AppLovin from $450.00 to $400.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Scotiabank reissued a “sector outperform” rating and issued a $515.00 price objective (down from $775.00) on shares of AppLovin in a research note on Thursday, August 6th. Oppenheimer decreased their target price on shares of AppLovin from $560.00 to $490.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. Piper Sandler reiterated a “neutral” rating on shares of AppLovin in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada reduced their price objective on AppLovin from $575.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Three equities 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $495.18.

AppLovin Trading Up 10.7%

AppLovin stock opened at $271.75 on Thursday. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin has a 12-month low of $225.19 and a 12-month high of $738.01. The firm has a 50 day moving average of $290.82 and a 200 day moving average of $411.84. The firm has a market capitalization of $90.94 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 0.55 and a beta of 2.51.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, November 4th. The company reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.27. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.07 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%. The business’s revenue was up 55.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 earnings per share. As a group, research analysts predict that AppLovin will post 15.61 earnings per share for the current year.

Institutional Investors Weigh In On AppLovin

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in AppLovin by 28.3% during the 2nd quarter. State Street Corp now owns 15,095,667 shares of the company’s stock valued at $7,777,741,000 after buying an additional 3,328,338 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of AppLovin during the second quarter worth approximately $730,015,000. Fundsmith LLP purchased a new position in shares of AppLovin during the second quarter worth approximately $358,893,000. The Manufacturers Life Insurance Company raised its stake in shares of AppLovin by 409.6% during the second quarter. The Manufacturers Life Insurance Company now owns 776,097 shares of the company’s stock valued at $399,868,000 after acquiring an additional 623,815 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its holdings in shares of AppLovin by 843.2% in the third quarter. AMF Tjanstepension AB now owns 433,162 shares of the company’s stock valued at $125,803,000 after purchasing an additional 387,237 shares during the period. 41.85% of the stock is owned by institutional investors.

AppLovin News Summary

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 earnings of $4.30 per share, beating analyst estimates. Net income rose 72% to about $1.44 billion. AppLovin Rallies After Earnings, Revenue Beat and Strong Guidance
• Positive Sentiment: Q4 revenue guidance of $2.365 billion to $2.395 billion is above analyst expectations, signaling continued momentum as the company rolls out its AI advertising model. AppLovin Forecasts Q4 Revenue as Model Rollout Continues
• Positive Sentiment: The company generated $1.4 billion in free cash flow and increased its share-repurchase authorization to $3.6 billion, adding a potential source of shareholder returns. AppLovin Q3 Earnings Call Highlights
• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought shares between February 12 and August 5, 2026. The suit alleges misleading statements about AI model readiness and advertising tools; these are allegations, not findings. Kaplan Fox Alerts Investors to Class Action Deadline

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.