UBS Group Forecasts Strong Price Appreciation for AppLovin (NASDAQ:APP) Stock

AppLovin (NASDAQ:APP) had its price target hoisted by analysts at UBS Group from $810.00 to $840.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 34.10% from the stock’s previous close.

A number of other research firms have also recently weighed in on APP. Wells Fargo & Company upped their price objective on shares of AppLovin from $491.00 to $633.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Phillip Securities upgraded shares of AppLovin to a “moderate buy” rating in a research report on Monday, September 29th. Piper Sandler upped their price objective on shares of AppLovin from $740.00 to $800.00 and gave the stock an “overweight” rating in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Finally, Zacks Research cut shares of AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $618.00.

AppLovin Stock Performance

Shares of APP stock traded up $9.33 during trading hours on Thursday, hitting $626.38. The company’s stock had a trading volume of 5,474,966 shares, compared to its average volume of 7,165,665. The company has a 50 day moving average of $599.29 and a 200 day moving average of $446.46. The stock has a market cap of $211.87 billion, a PE ratio of 88.97, a price-to-earnings-growth ratio of 3.30 and a beta of 2.50. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 3.01. AppLovin has a 12-month low of $200.50 and a 12-month high of $745.61.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.34 by $0.11. AppLovin had a net margin of 45.72% and a return on equity of 252.67%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm earned $1.29 EPS. The business’s revenue for the quarter was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that AppLovin will post 6.87 EPS for the current fiscal year.

Insider Activity

In related news, CEO Arash Adam Foroughi sold 26,200 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $440.23, for a total value of $11,534,026.00. Following the sale, the chief executive officer owned 2,590,054 shares of the company’s stock, valued at $1,140,219,472.42. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Vasily Shikin sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the sale, the chief technology officer directly owned 3,360,104 shares in the company, valued at approximately $1,470,280,707.28. The trade was a 0.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,156,788 shares of company stock worth $514,863,333 in the last ninety days. 13.66% of the stock is owned by insiders.

Hedge Funds Weigh In On AppLovin

A number of institutional investors have recently modified their holdings of APP. Norges Bank acquired a new position in shares of AppLovin in the 2nd quarter valued at $951,541,000. Dynasty Wealth Management LLC increased its holdings in shares of AppLovin by 117,664.4% in the 1st quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company’s stock valued at $716,133,000 after acquiring an additional 2,700,399 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of AppLovin in the 3rd quarter valued at $1,456,108,000. Price T Rowe Associates Inc. MD increased its holdings in shares of AppLovin by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock valued at $1,745,752,000 after acquiring an additional 1,769,400 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of AppLovin by 55.2% in the 3rd quarter. Jennison Associates LLC now owns 3,886,150 shares of the company’s stock valued at $2,792,355,000 after acquiring an additional 1,381,970 shares during the period. 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.