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AppLovin (APP) Stock Forecast & Price Target

AppLovin logo
$316.23 -8.99 (-2.76%)
(As of 02:45 PM ET)

AppLovin - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
4
Buy
15

Based on 20 Wall Street analysts who have issued ratings for AppLovin in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 1 has given a sell rating, 4 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for APP.

Consensus Price Target

$222.96
-29.50% Downside
According to the 20 analysts' twelve-month price targets for AppLovin, the average price target is $222.96. The highest price target for APP is $400.00, while the lowest price target for APP is $53.20. The average price target represents a forecasted downside of -29.50% from the current price of $316.23.
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APP Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
11 Buy rating(s)
9 Buy rating(s)
12 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$222.96$119.45$82.86$44.00
Forecasted Upside-29.50% Downside-24.85% Downside-8.14% Downside12.13% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

APP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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APP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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AppLovin Stock vs. The Competition

TypeAppLovinBusiness Services CompaniesS&P 500
Consensus Rating Score
2.75
2.69
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-31.44% Downside365.96% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent APP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/20/2024Wells Fargo & Company
3 of 5 stars
A. Brondolo
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Boost TargetOverweight ➝ Overweight$250.00 ➝ $360.00+10.43%
11/20/2024Piper Sandler
2 of 5 stars
J. Callahan
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Initiated CoverageOverweight$400.00+24.54%
11/18/2024Citigroup
3 of 5 stars
 Boost TargetBuy ➝ Buy$185.00 ➝ $335.00+12.42%
11/11/2024Loop Capital
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R. Sanderson
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Boost TargetBuy ➝ Buy$181.00 ➝ $385.00+36.22%
11/8/2024Daiwa America
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J. Kees
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UpgradeHold ➝ Strong-Buy
11/8/2024Daiwa Capital Markets
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 UpgradeNeutral ➝ Outperform$80.00 ➝ $280.00+13.58%
11/7/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$180.00 ➝ $260.00+8.21%
11/7/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$185.00 ➝ $250.00+4.05%
11/7/2024BTIG Research
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 Boost TargetBuy ➝ Buy$202.00 ➝ $291.00+19.40%
11/7/2024Macquarie
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 Boost TargetOutperform ➝ Outperform$150.00 ➝ $270.00+10.78%
11/7/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$160.00 ➝ $200.00-18.61%
11/7/2024Wedbush
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M. Pachter
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Reiterated RatingOutperform$170.00 ➝ $270.00+9.09%
11/7/2024Benchmark
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 Reiterated RatingSell ➝ Sell$66.00 ➝ $66.00-74.19%
11/7/2024Needham & Company LLC
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 Reiterated RatingHold
10/14/2024The Goldman Sachs Group
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E. Sheridan
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DowngradeBuy ➝ Neutral$103.00 ➝ $150.00+2.04%
9/17/2024UBS Group
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J. Hodulik
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UpgradeNeutral ➝ Buy$100.00 ➝ $145.00+24.73%
9/11/2024Bank of America
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 Boost TargetBuy ➝ Buy$100.00 ➝ $120.00+39.16%
9/10/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$105.00 ➝ $108.00+24.02%
4/16/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$55.00 ➝ $70.00-3.39%
12/18/2023HSBC
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 Initiated CoverageBuy$53.20+33.17%
8/14/2023Truist Financial
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 Boost TargetBuy ➝ Buy$35.00 ➝ $45.00+13.21%
8/11/2023DA Davidson
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 Boost TargetBuy ➝ Buy$32.00 ➝ $40.00+3.82%
8/10/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$49.00 ➝ $57.00+93.81%
2/6/2023KeyCorp
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 Lower TargetOverweight$25.00 ➝ $20.00+51.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:02 PM ET.


APP Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for AppLovin is $222.96, with a high forecast of $400.00 and a low forecast of $53.20.

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AppLovin in the last twelve months. There is currently 1 sell rating, 4 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" APP shares.

According to analysts, AppLovin's stock has a predicted downside of -29.50% based on their 12-month stock forecasts.

Over the previous 90 days, AppLovin's stock had 4 upgrades and 1 downgrade by analysts.

Analysts like AppLovin more than other "business services" companies. The consensus rating score for AppLovin is 2.75 while the average consensus rating score for "business services" companies is 2.68. Learn more on how APP compares to other companies.


This page (NASDAQ:APP) was last updated on 11/21/2024 by MarketBeat.com Staff
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