AppLovin (APP) Stock Forecast & Price Target

$172.24

+6.06 (+3.65%)

(As of 10/29/2024 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

Moderate Buy

Based on 18 Analyst Ratings

Sell
1

Hold
5

Buy
12

Based on 18 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 18 analysts, 1 has given a sell rating, 5 have given a hold rating, and 12 have given a buy rating for APP.

Consensus Price Target

$133.72
-22.37% Downside

According to the 18 analysts' twelve-month price targets for AppLovin, the average price target is $133.72. The highest price target for APP is $200.00, while the lowest price target for APP is $53.20. The average price target represents a forecasted downside of -22.37% from the current price of $172.24.

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APP Analyst Ratings Over Time

Type	Current Forecast 10/31/23 to 10/30/24	1 Month Ago 10/1/23 to 9/30/24	3 Months Ago 8/2/23 to 8/1/24	1 Year Ago 10/31/22 to 10/31/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)
Hold	5 Hold rating(s)	3 Hold rating(s)	5 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	$133.72	$106.44	$71.72	$41.38
Forecasted Upside	-22.37% Downside	-18.47% Downside	-4.49% Downside	13.54% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

AppLovin Stock vs. The Competition

Type	AppLovin	Business Services Companies	S&P 500
Consensus Rating Score	2.61	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-22.37% Downside	330.92% Upside	8.91% Upside
News Sentiment Rating	Positive News See Recent APP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/28/2024	Wells Fargo & Company 3 of 5 stars		Initiated Coverage	Overweight	$200.00	+20.35%
10/23/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$100.00 ➝ $185.00	+14.94%
10/23/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$105.00 ➝ $180.00	+13.24%
10/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$155.00 ➝ $185.00	+16.39%
10/22/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$57.00 ➝ $160.00	+0.72%
10/22/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Sanderson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$181.00	+13.94%
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10/14/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Sheridan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$103.00 ➝ $150.00	+2.04%
9/25/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$115.00 ➝ $150.00	+15.54%
9/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Hodulik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$100.00 ➝ $145.00	+24.73%
9/13/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$114.00 ➝ $150.00	+42.03%
9/11/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$100.00 ➝ $120.00	+39.16%
9/10/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $108.00	+24.02%
8/23/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$48.00 ➝ $66.00	-25.84%
8/8/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$100.00 ➝ $90.00	+27.28%
5/9/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
4/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$55.00 ➝ $70.00	-3.39%
4/15/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$80.00	+5.86%
12/18/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$53.20	+33.17%
8/14/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$35.00 ➝ $45.00	+13.21%
8/11/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$32.00 ➝ $40.00	+3.82%
8/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$49.00 ➝ $57.00	+93.81%
2/6/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$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 Wednesday at 05:28 AM ET.

APP Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for AppLovin is $133.72, with a high forecast of $200.00 and a low forecast of $53.20.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AppLovin in the last year. There is currently 1 sell rating, 5 hold ratings and 12 buy ratings 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 -22.37% based on their 12-month stock forecasts.
: Over the previous 90 days, AppLovin's stock had 1 upgrade and 1 downgrade by analysts.
: AppLovin has been rated by research analysts at Bank of America, Benchmark, BTIG Research, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Loop Capital, Macquarie, Oppenheimer, Stifel Nicolaus, The Goldman Sachs Group, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like AppLovin less than other "business services" companies. The consensus rating score for AppLovin is 2.61 while the average consensus rating score for "business services" companies is 2.68. Learn more on how APP compares to other companies.

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This page (NASDAQ:APP) was last updated on 10/30/2024 by MarketBeat.com Staff

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AppLovin (APP) Stock Forecast & Price Target