AppLovin (NASDAQ:APP) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of AppLovin (NASDAQ:APP) in a research note published on Wednesday, Marketbeat reports. The brokerage issued an outperform rating and a $835.00 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of AppLovin in a research note on Monday, December 29th. BTIG Research restated a “buy” rating and set a $771.00 target price on shares of AppLovin in a research report on Wednesday, December 17th. Jefferies Financial Group increased their price target on shares of AppLovin from $800.00 to $860.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft set a $705.00 target price on AppLovin and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group upped their price target on AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $706.76.

AppLovin Trading Down 6.3%

Shares of APP stock opened at $568.76 on Wednesday. The firm’s 50 day moving average is $639.43 and its 200 day moving average is $552.29. The stock has a market capitalization of $192.21 billion, a P/E ratio of 69.02, a P/E/G ratio of 2.00 and a beta of 2.50. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. 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 results on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The company’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. Research analysts expect that AppLovin will post 6.87 earnings per share for the current year.

Insiders Place Their Bets

In other AppLovin news, Director Eduardo Vivas sold 150,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $650.91, for a total transaction of $97,636,500.00. Following the completion of the sale, the director directly owned 7,133,292 shares of the company’s stock, valued at $4,643,131,095.72. This trade represents a 2.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Arash Adam Foroughi sold 30,888 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $520.29, for a total transaction of $16,070,717.52. Following the completion of the transaction, the chief executive officer directly owned 2,553,161 shares in the company, valued at $1,328,384,136.69. This trade represents a 1.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 340,336 shares of company stock worth $200,062,623 in the last three months. 13.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of AppLovin by 39.4% in the third quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock worth $17,930,776,000 after buying an additional 7,051,663 shares in the last quarter. State Street Corp raised its holdings in shares of AppLovin by 111.1% during the 3rd quarter. State Street Corp now owns 11,852,466 shares of the company’s stock worth $8,516,471,000 after acquiring an additional 6,237,051 shares in the last quarter. Invesco Ltd. raised its holdings in shares of AppLovin by 9.4% during the 3rd quarter. Invesco Ltd. now owns 4,292,752 shares of the company’s stock worth $3,084,514,000 after acquiring an additional 367,083 shares in the last quarter. Jennison Associates LLC boosted its position in shares of AppLovin by 55.2% during 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 last quarter. Finally, Kensico Capital Management Corp grew its holdings in shares of AppLovin by 3.1% in the third quarter. Kensico Capital Management Corp now owns 3,118,500 shares of the company’s stock valued at $2,240,767,000 after purchasing an additional 95,000 shares in the last quarter. 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: Zacks highlights AppLovin’s Q3 results and says the company’s scalable ad engine (Axon) is now the primary growth driver — rising revenue and very strong EBITDA margins show growth is coming from efficiency, not just volume. AppLovin’s Scalable Ad Engine Emerges as the Real Growth Catalyst
• Positive Sentiment: Evercore ISI initiated coverage with an “outperform” and a $835 price target (roughly +47% vs current levels), giving fresh institutional validation that could support upside if execution continues. Evercore Coverage (Benzinga)
• Positive Sentiment: Seeking Alpha reiterates a buy thesis based on 68% YoY revenue growth, ~82% EBITDA margins, expanding advertiser mix beyond gaming, and management guidance for sustained high double-digit growth — factors that underpin longer-term EPS upside. AppLovin: Buying The Dip Again
• Positive Sentiment: Technical/order-flow traders noted a Power Inflow signal that triggered an intraday bounce after heavy selling — a short-term bullish order-flow cue that can attract momentum buyers. Power Inflow Signal
• Positive Sentiment: Insider buying: Rep. Gilbert Ray Cisneros Jr. disclosed a purchase of APP shares, a small but positive signal to some investors. Insider Purchase
• Neutral Sentiment: Longer-term price forecasts and narrative pieces (e.g., 247WallStreet) emphasize recovery after last year’s sharp sell-off and imply significant upside if growth continues — useful context but not an immediate catalyst. Price Prediction and Forecast 2026-2030
• Negative Sentiment: Contrasting coverage (MSN) asks why the stock is falling despite buy ratings — highlighting that renewed analyst optimism hasn’t yet offset recent heavy selling, likely due to residual legal/short-seller risk and profit-taking at high multiples. Why Is AppLovin Stock Crashing?

AppLovin Company Profile

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.