Wedbush Has Lowered Expectations for AppLovin (NASDAQ:APP) Stock Price

AppLovin (NASDAQ:APP) had its price objective reduced by analysts at Wedbush from $610.00 to $560.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 105.67% from the company’s current price.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group cut their price target on AppLovin from $585.00 to $465.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Benchmark lowered their price objective on shares of AppLovin from $500.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of AppLovin from $660.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Phillip Securities upgraded shares of AppLovin from a “moderate buy” rating to a “strong-buy” rating and dropped their target price for the company from $635.00 to $610.00 in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company cut their target price on shares of AppLovin from $357.00 to $325.00 and set an “equal weight” rating on the stock in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $513.64.

AppLovin Stock Up 0.5%

Shares of NASDAQ:APP opened at $272.28 on Wednesday. AppLovin has a 1 year low of $266.84 and a 1 year 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 business’s 50-day moving average is $311.01 and its 200-day moving average is $413.90. The company has a market capitalization of $91.12 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 0.57 and a beta of 2.56.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, August 5th. The company reported $3.76 EPS for the quarter, hitting the consensus estimate of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm posted $2.39 earnings per share. The firm’s revenue was up 52.8% on a year-over-year basis. Equities research analysts predict that AppLovin will post 15.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in APP. State Street Corp raised its holdings in shares of AppLovin by 28.3% in the 2nd quarter. State Street Corp now owns 15,095,667 shares of the company’s stock worth $7,777,741,000 after acquiring an additional 3,328,338 shares during the last quarter. Invesco Ltd. lifted its position in AppLovin by 12.3% in the 4th quarter. Invesco Ltd. now owns 4,821,046 shares of the company’s stock valued at $3,248,517,000 after acquiring an additional 528,294 shares in the last quarter. Corient Private Wealth LLC boosted its stake in AppLovin by 3,118.6% during the 4th quarter. Corient Private Wealth LLC now owns 4,194,071 shares of the company’s stock valued at $2,826,049,000 after purchasing an additional 4,063,763 shares during the last quarter. WCM Investment Management LLC boosted its stake in AppLovin by 5.2% during the 1st quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock valued at $1,860,995,000 after purchasing an additional 245,290 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in AppLovin by 7.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,735,471 shares of the company’s stock valued at $894,167,000 after purchasing an additional 121,605 shares during the last quarter. 41.85% of the stock is owned by institutional investors.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s revenue growth, high profitability and substantial free cash flow continue to support the bullish case. One analysis highlighted approximately 53% growth, a reported net margin above 60% and roughly $3.9 billion in free cash flow, arguing that the shares may look cheaper after their major decline. AppLovin Grew 53% and Got Cheaper
• Positive Sentiment: Oppenheimer maintained an Outperform rating and still sees substantial upside despite reducing its price target to $490 from $560. The revised target remains well above recent trading levels, signaling that the firm views the selloff as excessive if AppLovin’s advertising technology and AI strategy remain intact. Oppenheimer Cut Its AppLovin Target
• Neutral Sentiment: Brokerage-consensus coverage remains equivalent to a Buy, but commentary cautions that optimistic analyst recommendations may not fully reflect the risks surrounding AppLovin’s AI execution and recent share-price weakness. Brokers Suggest Investing in AppLovin
• Negative Sentiment: Several law firms publicized or advanced securities class actions covering investors who bought APP shares from February 12 through August 5, 2026. The complaints allege that AppLovin overstated the reliability of its AI advertising models, the feasibility of its AI video-creative tool and expected revenue growth. These are allegations, not proven findings, but the repeated announcements add reputational, financial and legal uncertainty. Pomerantz Announces AppLovin Class Action
• Negative Sentiment: A Seeking Alpha downgrade argues that investor patience is running out, reinforcing concerns that AI-model improvements may be slowing and that AppLovin’s premium growth expectations could be difficult to sustain. AppLovin Downgrade

About AppLovin

AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and analyze their businesses. Its platform supports user acquisition, advertising, in-app monetization and performance measurement for mobile apps.

The company’s products include MAX, a software platform that helps developers manage in-app advertising and maximize advertising revenue, as well as AppDiscovery, which supports app marketing and user acquisition.