AppLovin (NASDAQ:APP) Price Target Cut to $710.00 by Analysts at Citigroup

AppLovin (NASDAQ:APP) had its target price dropped by Citigroup from $820.00 to $710.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 90.41% from the company’s previous close.

A number of other research firms have also issued reports on APP. Piper Sandler reaffirmed an “overweight” rating and issued a $650.00 target price (down previously from $800.00) on shares of AppLovin in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. BTIG Research decreased their target price on AppLovin from $771.00 to $640.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings downgraded AppLovin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Finally, Wedbush boosted their price objective on AppLovin from $465.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $651.77.

AppLovin Trading Down 18.4%

APP traded down $83.94 during trading on Thursday, reaching $372.87. The company had a trading volume of 14,386,911 shares, compared to its average volume of 6,802,454. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. AppLovin has a 12-month low of $200.50 and a 12-month high of $745.61. The company has a market cap of $126.01 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 1.56 and a beta of 2.49. The firm’s 50-day simple moving average is $608.86 and its 200 day simple moving average is $571.60.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, February 11th. The company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.35. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. The company’s revenue was up 66.0% compared to the same quarter last year. Equities research analysts anticipate that AppLovin will post 6.87 earnings per share for the current year.

Insider Activity

In related news, Director Dawson Alyssa Harvey sold 150 shares of AppLovin stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $693.32, for a total value of $103,998.00. Following the sale, the director owned 2,829 shares of the company’s stock, valued at approximately $1,961,402.28. This trade represents a 5.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victoria Valenzuela sold 7,609 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $657.13, for a total value of $5,000,102.17. Following the transaction, the insider directly owned 277,110 shares of the company’s stock, valued at approximately $182,097,294.30. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 187,786 shares of company stock worth $100,914,925 over the last three months. Company insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On AppLovin

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA acquired a new stake in AppLovin in the second quarter valued at $26,000. Board of the Pension Protection Fund bought a new stake in AppLovin in the fourth quarter valued at approximately $27,000. Washington Trust Advisors Inc. boosted its stake in shares of AppLovin by 160.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 24 shares during the period. Chilton Capital Management LLC bought a new stake in AppLovin in the 3rd quarter valued at $29,000. Finally, Activest Wealth Management boosted its position in AppLovin by 760.0% during the third quarter. Activest Wealth Management now owns 43 shares of the company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Institutional investors own 41.85% of the company’s stock.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Q4 results beat and management raised near-term revenue guidance — revenue $1.66B (up 66% y/y) and EPS $3.24 topped estimates; company gave Q1 revenue guidance above consensus, supporting the longer-term growth narrative. AppLovin Plunges 18% Despite Blowout Earnings as AI Fears Rule
• Positive Sentiment: Strong profitability and cash flow: reports highlight >80% adjusted EBITDA margins, very high gross margins, multi‑billion FCF generation and ~$2.6B of repurchases — fundamentals that bulls say justify buying the dip. AppLovin: This Sale Won’t Last
• Neutral Sentiment: Analyst reactions are mixed but generally constructive: several firms raised price targets (Scotiabank, Wedbush, RBC, Needham) while others trimmed targets (Wells Fargo, BTIG) — amplifying volatile trading as investors weigh near-term risks vs. long-term upside. Scotiabank Raises Price Target Wells Fargo Lowers Target
• Negative Sentiment: Sell‑off driven by AI and ad demand concerns — coverage and headlines indicate traders fear AI-driven shifts in ad spend/creative could pressure AppLovin’s ad marketplace despite the beat, triggering heavy profit‑taking. AppLovin Plunges 18% Despite Blowout Earnings as AI Fears Rule
• Negative Sentiment: Some reporting flagged softer-than-expected ad demand/competitive pressure on sales despite strong year-over-year growth, which traders interpret as a signal that near-term topline momentum could be lumpy. AppLovin misses quarterly revenue estimates amid advertising competition

About AppLovin

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.