AppLovin (APP) Stock Forecast, Price Target & Predictions
APP Stock Forecast
AppLovin stock forecast is as follows: an average price target of $97.37 (represents a -38.70% downside from APP’s last price of $158.85) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
APP Price Target
The average price target for AppLovin (APP) is $97.37 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $210.00 to $36.00. This represents a potential -38.70% downside from APP's last price of $158.85.
APP Analyst Ratings
According to 23 Wall Street analysts, AppLovin's rating consensus is 'Buy'. The analyst rating breakdown for APP stock is 0 'Strong Buy' (0.00%), 16 'Buy' (69.57%), 6 'Hold' (26.09%), 1 'Sell' (4.35%), and 0 'Strong Sell' (0.00%).
AppLovin Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Omar Dessouky | Bank of America Securities | $210.00 | $157.15 | 33.63% | 32.20% |
| Oct 14, 2024 | Eric Sheridan | Goldman Sachs | $147.00 | $147.00 | - | -7.46% |
| Sep 25, 2024 | Tim Nollen | Macquarie | $150.00 | $130.63 | 14.83% | -5.57% |
| Sep 17, 2024 | John Hodulik | UBS | $145.00 | $123.36 | 17.54% | -8.72% |
| Sep 13, 2024 | Clark Lampen | BTIG | $150.00 | $105.61 | 42.03% | -5.57% |
| Sep 11, 2024 | Omar Dessouky | Bank of America Securities | $120.00 | $86.23 | 39.16% | -24.46% |
| Sep 10, 2024 | James Heaney | Jefferies | $108.00 | $86.31 | 25.13% | -32.01% |
| Jun 11, 2024 | Nick McKay | Wedbush | $100.00 | $77.35 | 29.28% | -37.05% |
| May 09, 2024 | Clark Lampen | BTIG | $100.00 | $74.00 | 35.14% | -37.05% |
| Apr 15, 2024 | Jonathan Kees | Daiwa | $80.00 | $75.57 | 5.86% | -49.64% |
The latest AppLovin stock forecast, released on Oct 21, 2024 by Omar Dessouky from Bank of America Securities, set a price target of $210.00, which represents a 33.63% increase from the stock price at the time of the forecast ($157.15), and a 32.20% increase from APP last price ($158.85).
AppLovin Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 7 | 12 |
| Avg Price Target | $169.00 | $147.14 | $123.50 |
| Last Closing Price | $158.85 | $158.85 | $158.85 |
| Upside/Downside | 6.39% | -7.37% | -22.25% |
In the current month, the average price target of AppLovin stock is $169.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 6.39% increase as opposed to AppLovin's last price of $158.85. This month's average price target is up 14.86% compared to last quarter, and up 36.84% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Loop Capital Markets | - | Buy | Initialise |
| Oct 21, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Oct 13, 2024 | Goldman Sachs | Buy | Neutral | Downgrade |
| Sep 27, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Sep 25, 2024 | Macquarie | Outperform | Outperform | Hold |
| Sep 19, 2024 | Citigroup | Buy | Buy | Hold |
| Sep 17, 2024 | UBS | Reduce | Buy | Upgrade |
| Sep 13, 2024 | BTIG | Buy | Buy | Hold |
| Sep 11, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Sep 11, 2024 | Piper Sandler | Buy | Buy | Hold |
AppLovin's last stock rating was published by Loop Capital Markets on Oct 21, 2024. The company Initialise its APP rating from "null" to "Buy".
AppLovin Financial Forecast
AppLovin Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $953.26M | $864.26M | - | $715.40M | $702.31M | $713.10M | $776.23M | $625.42M | $793.47M | $726.95M | $668.81M | $603.88M |
| Avg Forecast | $1.58B | $1.52B | $1.45B | $1.42B | $1.36B | $1.31B | $1.26B | $1.23B | $1.17B | $1.13B | $1.08B | $973.70M | $928.66M | $796.40M | $724.39M | $694.85M | $690.89M | $728.24M | $819.63M | $814.99M | $780.41M | $697.82M | $644.50M | $557.31M |
| High Forecast | $1.58B | $1.52B | $1.45B | $1.42B | $1.36B | $1.31B | $1.26B | $1.23B | $1.17B | $1.14B | $1.08B | $973.70M | $940.78M | $815.48M | $724.39M | $694.85M | $690.89M | $728.24M | $819.63M | $814.99M | $780.41M | $697.82M | $644.50M | $557.31M |
| Low Forecast | $1.58B | $1.52B | $1.45B | $1.42B | $1.36B | $1.31B | $1.26B | $1.23B | $1.17B | $1.13B | $1.08B | $973.70M | $920.87M | $785.87M | $724.39M | $694.85M | $690.89M | $728.24M | $819.63M | $814.99M | $780.41M | $697.82M | $644.50M | $557.31M |
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.09% | - | 1.03% | 1.02% | 0.98% | 0.95% | 0.77% | 1.02% | 1.04% | 1.04% | 1.08% |
AppLovin's average Quarter revenue forecast for Mar 24 based on 4 analysts is $973.70M, with a low forecast of $973.70M, and a high forecast of $973.70M. APP's average Quarter revenue forecast represents a 2.14% increase compared to the company's last Quarter revenue of $953.26M (Dec 23).
AppLovin EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $388.63M | $186.32M | - | $199.37M | $90.13M | $214.07M | $53.87M | $3.02M | $174.60M | $117.75M | $140.62M | $110.13M |
| Avg Forecast | $390.69M | $376.08M | $358.64M | $349.85M | $336.18M | $323.77M | $310.87M | $302.72M | $289.17M | $278.76M | $266.71M | $13.83M | $229.18M | $196.54M | $178.77M | $14.79M | $281.11M | $179.72M | $202.28M | $15.82M | $192.60M | $172.21M | $168.75M | $137.54M |
| High Forecast | $390.69M | $376.08M | $358.64M | $349.85M | $336.18M | $323.77M | $310.87M | $302.72M | $289.17M | $281.22M | $266.71M | $16.60M | $232.17M | $201.25M | $178.77M | $17.75M | $337.33M | $179.72M | $202.28M | $18.98M | $192.60M | $172.21M | $202.50M | $137.54M |
| Low Forecast | $390.69M | $376.08M | $358.64M | $349.85M | $336.18M | $323.77M | $310.87M | $302.72M | $289.17M | $278.76M | $266.71M | $11.06M | $227.26M | $193.94M | $178.77M | $11.83M | $224.88M | $179.72M | $202.28M | $12.66M | $192.60M | $172.21M | $135.00M | $137.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.70% | 0.95% | - | 13.48% | 0.32% | 1.19% | 0.27% | 0.19% | 0.91% | 0.68% | 0.83% | 0.80% |
4 analysts predict APP's average Quarter EBITDA for Mar 24 to be $13.83M, with a high of $16.60M and a low of $11.06M. This is -96.44% lower than AppLovin's previous annual EBITDA (Dec 23) of $388.63M.
AppLovin Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $171.52M | $108.64M | - | $-4.52M | $-79.51M | $23.77M | $-21.80M | $-115.30M | $31.41M | $142.00K | $14.42M | $-10.52M |
| Avg Forecast | $581.35M | $552.19M | $512.39M | $470.20M | $443.91M | $426.72M | $394.88M | $349.07M | $331.73M | $319.81M | $257.85M | $-521.44M | $120.47M | $93.88M | $27.27M | $-557.69M | $50.50M | $24.38M | $54.35M | $-596.45M | $37.21M | $35.28M | $17.31M | $-3.86M |
| High Forecast | $581.35M | $552.19M | $512.39M | $470.20M | $443.91M | $426.72M | $394.88M | $349.07M | $331.73M | $343.13M | $257.85M | $-417.15M | $141.12M | $128.65M | $27.27M | $-446.15M | $60.60M | $24.38M | $54.35M | $-477.16M | $37.21M | $35.28M | $20.77M | $-3.86M |
| Low Forecast | $581.35M | $552.19M | $512.39M | $470.20M | $443.91M | $426.72M | $394.88M | $349.07M | $331.73M | $296.49M | $257.84M | $-625.72M | $96.38M | $69.54M | $27.27M | $-669.22M | $40.40M | $24.38M | $54.35M | $-715.75M | $37.21M | $35.28M | $13.85M | $-3.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.42% | 1.16% | - | 0.01% | -1.57% | 0.98% | -0.40% | 0.19% | 0.84% | 0.00% | 0.83% | 2.72% |
AppLovin's average Quarter net income forecast for Mar 24 is $-521.44M, with a range of $-625.72M to $-417.15M. APP's average Quarter net income forecast represents a -404.01% decrease compared to the company's last Quarter net income of $171.52M (Dec 23).
AppLovin SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $259.32M | $253.60M | - | $247.55M | $237.18M | $240.78M | $277.84M | $345.38M | $350.27M | $319.33M | $310.51M | $308.48M |
| Avg Forecast | $672.89M | $647.72M | $617.69M | $602.56M | $579.00M | $557.64M | $535.41M | $521.37M | $498.04M | $480.10M | $459.35M | $413.86M | $394.72M | $338.50M | $307.90M | $295.34M | $563.94M | $309.53M | $348.38M | $346.41M | $331.71M | $296.60M | $372.62M | $236.88M |
| High Forecast | $672.89M | $647.72M | $617.69M | $602.56M | $579.00M | $557.64M | $535.41M | $521.37M | $498.04M | $484.35M | $459.35M | $413.86M | $399.87M | $346.62M | $307.90M | $295.34M | $676.73M | $309.53M | $348.38M | $346.41M | $331.71M | $296.60M | $447.14M | $236.88M |
| Low Forecast | $672.89M | $647.72M | $617.69M | $602.56M | $579.00M | $557.64M | $535.41M | $521.37M | $498.04M | $480.10M | $459.35M | $413.86M | $391.41M | $334.03M | $307.90M | $295.34M | $451.15M | $309.53M | $348.38M | $346.41M | $331.71M | $296.60M | $298.09M | $236.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 0.75% | - | 0.84% | 0.42% | 0.78% | 0.80% | 1.00% | 1.06% | 1.08% | 0.83% | 1.30% |
AppLovin's average Quarter SG&A projection for Mar 24 is $413.86M, based on 4 Wall Street analysts, with a range of $413.86M to $413.86M. The forecast indicates a 59.60% rise compared to APP last annual SG&A of $259.32M (Dec 23).
AppLovin EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.49 | $0.32 | - | $-0.01 | $-0.25 | $0.06 | $-0.06 | $-0.31 | $0.08 | - | $0.04 | $-0.03 |
| Avg Forecast | $1.67 | $1.59 | $1.47 | $1.35 | $1.28 | $1.23 | $1.13 | $1.00 | $0.95 | $0.92 | $0.74 | $0.57 | $0.35 | $0.27 | $0.08 | $0.08 | $0.05 | $0.07 | $0.16 | $0.02 | $0.11 | $0.10 | $0.04 | $-0.01 |
| High Forecast | $1.67 | $1.59 | $1.47 | $1.35 | $1.28 | $1.23 | $1.13 | $1.00 | $0.95 | $0.99 | $0.74 | $0.57 | $0.41 | $0.37 | $0.08 | $0.08 | $0.05 | $0.07 | $0.16 | $0.02 | $0.11 | $0.10 | $0.04 | $-0.01 |
| Low Forecast | $1.67 | $1.59 | $1.47 | $1.35 | $1.28 | $1.23 | $1.13 | $1.00 | $0.95 | $0.85 | $0.74 | $0.57 | $0.28 | $0.20 | $0.08 | $0.08 | $0.05 | $0.07 | $0.16 | $0.02 | $0.11 | $0.10 | $0.04 | $-0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.42% | 1.19% | - | -0.16% | -5.23% | 0.86% | -0.37% | -15.46% | 0.79% | 0.00% | 0.93% | 2.65% |
According to 4 Wall Street analysts, AppLovin's projected average Quarter EPS for Mar 24 is $0.57, with a low estimate of $0.57 and a high estimate of $0.57. This represents a 15.61% increase compared to APP previous annual EPS of $0.49 (Dec 23).
AppLovin Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AI | C3.ai | $25.55 | $70.50 | 175.93% | Buy |
| BILL | Bill.com | $57.03 | $149.35 | 161.88% | Buy |
| ASAN | Asana | $12.14 | $24.93 | 105.35% | Buy |
| SNOW | Snowflake | $119.56 | $206.46 | 72.68% | Buy |
| ZM | Zoom Video Communications | $72.17 | $111.94 | 55.11% | Hold |
| TEAM | Atlassian | $192.83 | $233.53 | 21.11% | Buy |
| INTU | Intuit | $613.93 | $715.09 | 16.48% | Buy |
| GTLB | GitLab | $55.43 | $63.63 | 14.79% | Buy |
| DDOG | Datadog | $125.81 | $140.24 | 11.47% | Buy |
| FROG | JFrog | $30.91 | $34.45 | 11.45% | Buy |
| WDAY | Workday | $243.75 | $270.91 | 11.14% | Buy |
| SHOP | Shopify | $82.66 | $86.91 | 5.14% | Buy |
| DOCU | DocuSign | $71.78 | $68.93 | -3.97% | Hold |
| MNDY | monday | $289.72 | $270.25 | -6.72% | Buy |
| APP | AppLovin | $158.85 | $97.37 | -38.70% | Buy |
APP Forecast FAQ
Is AppLovin a good buy?
Yes, according to 23 Wall Street analysts, AppLovin (APP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 16 'Buy' recommendations, accounting for 69.57% of APP's total ratings.
What is APP's price target?
AppLovin (APP) average price target is $97.37 with a range of $36 to $210, implying a -38.70% from its last price of $158.85. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will AppLovin stock go up soon?
According to Wall Street analysts' prediction for APP stock, the company can go down by -38.70% (from the last price of $158.85 to the average price target of $97.37), up by 32.20% based on the highest stock price target, and down by -77.34% based on the lowest stock price target.
Can AppLovin stock reach $200?
APP's highest twelve months analyst stock price target of $210 supports the claim that AppLovin can reach $200 in the near future.
What is AppLovin's current price target trend?
3 Wall Street analysts forecast a $169 price target for AppLovin (APP) this month, up 6.39% from its last price of $158.85. Compared to the last 3 and 12 months, the average price target decreased by -7.37% and decreased by -22.25%, respectively.
What are AppLovin's analysts' financial forecasts?
AppLovin's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.16B (high $5.16B, low $5.16B), average EBITDA is $1.27B (high $1.27B, low $1.27B), average net income is $1.61B (high $1.61B, low $1.61B), average SG&A $2.19B (high $2.19B, low $2.19B), and average EPS is $4.64 (high $4.64, low $4.64). APP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.98B (high $5.98B, low $5.98B), average EBITDA is $1.48B (high $1.48B, low $1.48B), average net income is $2.12B (high $2.12B, low $2.12B), average SG&A $2.54B (high $2.54B, low $2.54B), and average EPS is $6.08 (high $6.08, low $6.08).
Did the APP's actual financial results beat the analysts' financial forecasts?
Based on AppLovin's last annual report (Dec 2023), the company's revenue was $3.28B, beating the average analysts forecast of $3.14B by 4.41%. Apple's EBITDA was $1.16B, beating the average prediction of $619.29M by 86.51%. The company's net income was $354.94M, missing the average estimation of $-316M by -212.30%. Apple's SG&A was $983.3M, missing the average forecast of $1.34B by -26.43%. Lastly, the company's EPS was $0.98, beating the average prediction of $0.771 by 27.04%. In terms of the last quarterly report (Dec 2023), AppLovin's revenue was $953.26M, beating the average analysts' forecast of $928.66M by 2.65%. The company's EBITDA was $388.62M, beating the average prediction of $229.18M by 69.57%. AppLovin's net income was $171.52M, beating the average estimation of $120.47M by 42.37%. The company's SG&A was $259.32M, missing the average forecast of $394.72M by -34.30%. Lastly, the company's EPS was $0.49, beating the average prediction of $0.346 by 41.53%