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AppLovin (APP) Stock Forecast, Price Target & Predictions

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APP Stock Forecast

AppLovin stock forecast is as follows: an average price target of $224.58 (represents a -34.43% downside from APP’s last price of $342.52) and a rating consensus of 'Buy', based on 24 wall street analysts offering a 1-year stock forecast.

APP Price Target

The average price target for AppLovin (APP) is $224.58 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $435.00 to $108.00. This represents a potential -34.43% downside from APP's last price of $342.52.

APP Analyst Ratings

Buy

According to 24 Wall Street analysts, AppLovin's rating consensus is 'Buy'. The analyst rating breakdown for APP stock is 0 'Strong Buy' (0.00%), 18 'Buy' (75.00%), 5 'Hold' (20.83%), 1 'Sell' (4.17%), and 0 'Strong Sell' (0.00%).

AppLovin Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 05, 2024Scott DevittStifel Nicolaus$435.00$394.4210.29%27.00%
Nov 27, 2024James CallaPiper Sandler$400.00$319.0025.39%16.78%
Nov 11, 2024Rob SandersonLoop Capital Markets$385.00$166.05131.86%12.40%
Oct 28, 2024Alec BonelloWells Fargo$200.00$166.1920.35%-41.61%
Oct 23, 2024Martin YangOppenheimer$180.00$158.9513.24%-47.45%
Oct 22, 2024Jason BazinetCitigroup$185.00$158.9516.39%-45.99%
Oct 21, 2024Omar DessoukyBank of America Securities$210.00$157.1533.63%-38.69%
Oct 14, 2024Eric SheridanGoldman Sachs$147.00$147.00--57.08%
Sep 25, 2024Tim NollenMacquarie$150.00$130.6314.83%-56.21%
Sep 17, 2024John HodulikUBS$145.00$123.3617.54%-57.67%
Sep 13, 2024Clark LampenBTIG$150.00$105.6142.03%-56.21%
Sep 11, 2024Omar DessoukyBank of America Securities$120.00$86.2339.16%-64.97%
Sep 10, 2024James HeaneyJefferies$108.00$86.3125.13%-68.47%
Jun 11, 2024Nick McKayWedbush$100.00$77.3529.28%-70.80%
May 09, 2024Clark LampenBTIG$100.00$74.0035.14%-70.80%
Apr 15, 2024Jonathan KeesDaiwa$80.00$75.575.86%-76.64%
Apr 09, 2024Clark LampenBTIG$87.00$78.0511.47%-74.60%
Apr 08, 2024Martin YangOppenheimer$85.00$74.8013.64%-75.18%
Aug 01, 2023David PangStifel Nicolaus$36.00$31.4314.54%-89.49%
Feb 09, 2023Nick McKayWedbush$23.00$16.4340.03%-93.29%
Nov 30, 2022Andrew UerkwitzJefferies$14.00$13.444.17%-95.91%
Sep 13, 2022Oppenheimer$45.00$26.8467.63%-86.86%
Aug 23, 2022Citigroup$60.00$25.55134.83%-82.48%
Aug 16, 2022Gal MundaWolfe Research$40.00$32.6322.59%-88.32%
Aug 11, 2022BTIG$53.00$35.7148.42%-84.53%
Aug 11, 2022Truist Financial$65.00$37.0275.56%-81.02%
Aug 08, 2022Stephen JuCredit Suisse$80.00$40.0799.65%-76.64%
Jul 07, 2022Citigroup$62.00$35.8872.80%-81.90%
Jun 13, 2022Morgan Stanley$65.00$34.1690.28%-81.02%
Jun 10, 2022Goldman Sachs$58.00$40.3043.92%-83.07%
Jun 10, 2022Citigroup$68.00$40.3068.73%-80.15%
May 12, 2022Youssef SqualiTruist Financial$77.00$36.99108.16%-77.52%
May 06, 2022Credit Suisse$100.00$36.48174.12%-70.80%
May 03, 2022J.P. Morgan$75.00$40.0187.45%-78.10%
May 02, 2022Scott DevittStifel Nicolaus$80.00$38.15109.70%-76.64%
Apr 26, 2022Jacob JohnsonStephens$47.00$37.4225.60%-86.28%
Apr 26, 2022Franco GrandaD.A. Davidson$100.00$37.38167.49%-70.80%
Jan 10, 2022Vasily KarasyovCannonball Research$107.00$82.9429.01%-68.76%
Nov 11, 2021John HodulikUBS$118.00$114.852.74%-65.55%
Aug 31, 2021Tim NollenMacquarie$90.00$70.4027.84%-73.72%

The latest AppLovin stock forecast, released on Dec 05, 2024 by Scott Devitt from Stifel Nicolaus, set a price target of $435.00, which represents a 10.29% increase from the stock price at the time of the forecast ($394.42), and a 27.00% increase from APP last price ($342.52).

AppLovin Price Target by Period

1M3M12M
# Anlaysts2918
Avg Price Target$417.50$254.67$181.50
Last Closing Price$342.52$342.52$342.52
Upside/Downside21.89%-25.65%-47.01%

In the current month, the average price target of AppLovin stock is $417.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 21.89% increase as opposed to AppLovin's last price of $342.52. This month's average price target is up 63.94% compared to last quarter, and up 130.03% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 27, 2024Piper SandlerOverweightOverweightHold
Nov 18, 2024CitigroupBuyBuyHold
Nov 11, 2024Loop Capital MarketsBuyBuyHold
Nov 08, 2024DaiwaNeutralOutperformUpgrade
Oct 30, 2024BTIGBuyBuyHold
Oct 28, 2024Wells FargoOverweightInitialise
Oct 23, 2024OppenheimerOutperformOutperformHold
Oct 22, 2024CitigroupBuyBuyHold
Oct 21, 2024Loop Capital MarketsBuyInitialise
Oct 21, 2024Bank of America SecuritiesBuyBuyHold
Oct 13, 2024Goldman SachsBuyNeutralDowngrade
Sep 27, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Sep 25, 2024MacquarieOutperformOutperformHold
Sep 19, 2024CitigroupBuyBuyHold
Sep 17, 2024UBSReduceBuyUpgrade
Sep 13, 2024BTIGBuyBuyHold
Sep 11, 2024Bank of America SecuritiesBuyBuyHold
Sep 11, 2024Piper SandlerBuyBuyHold
Sep 10, 2024WedbushBuyBuyHold
Sep 10, 2024JefferiesBuyBuyHold
Aug 23, 2024WedbushOutperformOutperformHold
Aug 23, 2024BenchmarkSellSellHold
Aug 08, 2024OppenheimerOutperformOutperformHold
Jul 29, 2024WedbushBuyBuyHold
Jul 18, 2024BTIGBuyBuyHold
Jun 13, 2024WedbushBuyBuyHold
Jun 13, 2024Stifel NicolausUnderperformUnderperformHold
Jun 13, 2024OppenheimerOutperformOutperformHold
Jun 11, 2024WedbushOutperformOutperformHold
May 14, 2024MacquarieOutperformOutperformHold
May 10, 2024CitigroupBuyBuyHold
May 09, 2024JefferiesBuyBuyHold
May 09, 2024BTIGBuyBuyHold
Apr 16, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Apr 15, 2024DaiwaNeutralInitialise
Apr 09, 2024BTIGBuyBuyHold
Apr 08, 2024OppenheimerOutperformOutperformHold
Sep 26, 2023BTIGBuyBuyHold
Aug 10, 2023Credit SuisseOutperformOutperformHold
Aug 08, 2023BenchmarkSellSellHold
May 17, 2023Piper SandlerNeutralInitialise
May 17, 2023GuggenheimBuyInitialise
May 17, 2023B. RileyNeutralInitialise
May 17, 2023B. Riley SecuritiesBuyInitialise
May 17, 2023RBC CapitalSector PerformDowngrade
May 17, 2023Evercore ISIOutperformUpgrade
May 11, 2023Credit SuisseOutperformOutperformHold
May 11, 2023NeedhamHoldHoldHold
May 11, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Feb 23, 2023UBSReduceDowngrade
Feb 09, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Feb 08, 2023Credit SuisseOutperformOutperformHold
Feb 06, 2023BenchmarkSellSellHold
Jan 05, 2023BenchmarkSellInitialise
Dec 08, 2022BTIGBuyNeutralDowngrade
Nov 30, 2022JefferiesHoldInitialise
Nov 17, 2022Bank of America SecuritiesBuyNeutralDowngrade
Oct 14, 2022WedbushBuyInitialise
Oct 07, 2022NeedhamHoldInitialise
Sep 13, 2022OppenheimerOutperformOutperformHold
Aug 23, 2022CitigroupBuyBuyHold
Aug 16, 2022Wolfe ResearchOutperformInitialise
Aug 11, 2022BTIGBuyBuyHold
Aug 08, 2022Credit SuisseOutperformOutperformHold
Jul 07, 2022CitigroupBuyBuyHold
Jun 30, 2022KeyBancOverweightInitialise
Jun 13, 2022Morgan StanleyOverweightOverweightHold
Jun 10, 2022Goldman SachsBuyBuyHold
Jun 10, 2022CitigroupBuyBuyHold
May 12, 2022Bank of America SecuritiesBuyUpgrade
May 12, 2022Morgan StanleyOverweightOverweightHold
May 12, 2022OppenheimerOutperformOutperformHold
May 02, 2022Stifel NicolausBuyBuyHold

AppLovin's last stock rating was published by Piper Sandler on Nov 27, 2024. The company gave APP a "Overweight" rating, the same as its previous rate.

AppLovin Financial Forecast

AppLovin Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 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$1.80B$1.72B$1.61B$1.56B$1.56B$1.47B$1.35B$1.31B$1.26B$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$1.83B$1.75B$1.63B$1.58B$1.59B$1.49B$1.37B$1.33B$1.28B$1.14B$1.08B$973.70M$940.78M$815.48M$736.09M$706.07M$702.04M$728.24M$819.63M$814.99M$780.41M$697.82M$644.50M$557.31M
Low Forecast$1.77B$1.69B$1.58B$1.54B$1.54B$1.44B$1.33B$1.29B$1.25B$1.12B$1.08B$973.70M$920.87M$785.87M$713.07M$684.00M$680.09M$728.24M$819.63M$814.99M$780.41M$697.82M$644.50M$557.31M
# Analysts54544348149347178877127148915
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts54544348149347178877127148915
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$417.58M$399.62M$373.96M$362.50M$362.99M$340.62M$314.44M$304.29M$292.04M$262.98M$251.19M$13.83M$215.85M$185.11M$168.37M$14.79M$281.11M$179.72M$202.28M$15.82M$192.60M$172.21M$168.75M$137.54M
High Forecast$424.32M$406.07M$380.00M$368.35M$368.85M$346.13M$319.52M$308.94M$296.76M$264.63M$251.19M$16.60M$218.66M$189.54M$171.09M$17.75M$337.33M$179.72M$202.28M$18.98M$192.60M$172.21M$202.50M$137.54M
Low Forecast$411.05M$393.37M$368.12M$356.83M$357.32M$335.30M$309.53M$299.65M$289.72M$261.33M$251.19M$11.06M$214.04M$182.66M$165.74M$11.83M$224.88M$179.72M$202.28M$12.66M$192.60M$172.21M$135.00M$137.54M
Surprise %------------1.80%1.01%-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts54544348149347178877127148915
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$759.99M$737.06M$622.95M$579.48M$614.14M$570.02M$479.27M$443.55M$431.42M$320.95M$258.04M$-521.44M$120.56M$93.95M$27.29M$-557.69M$50.50M$24.38M$54.35M$-596.45M$37.21M$35.28M$17.31M$-3.86M
High Forecast$775.95M$752.53M$636.03M$591.65M$627.04M$581.99M$489.34M$467.43M$448.41M$324.55M$258.05M$-417.15M$141.23M$128.74M$27.86M$-446.15M$60.60M$24.38M$54.35M$-477.16M$37.21M$35.28M$20.77M$-3.86M
Low Forecast$744.55M$722.09M$610.30M$567.71M$601.67M$558.45M$469.54M$392.37M$397.45M$317.35M$258.04M$-625.72M$96.45M$69.59M$26.73M$-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts54544348149347178877127148915
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$771.34M$738.17M$690.77M$669.60M$670.51M$629.20M$580.83M$562.09M$539.46M$485.77M$463.99M$418.05M$398.71M$341.93M$311.01M$298.33M$563.94M$309.53M$348.38M$346.41M$331.71M$296.60M$372.62M$236.88M
High Forecast$783.80M$750.09M$701.93M$680.42M$681.34M$639.36M$590.21M$570.67M$548.17M$488.82M$463.99M$418.05M$403.92M$350.12M$316.03M$303.15M$676.73M$309.53M$348.38M$346.41M$331.71M$296.60M$447.14M$236.88M
Low Forecast$759.30M$726.64M$679.98M$659.14M$660.04M$619.37M$571.76M$553.50M$535.18M$482.72M$463.99M$418.05M$395.37M$337.41M$306.15M$293.67M$451.15M$309.53M$348.38M$346.41M$331.71M$296.60M$298.09M$236.88M
Surprise %------------0.65%0.74%-0.83%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 $418.05M, based on 4 Wall Street analysts, with a range of $418.05M to $418.05M. The forecast indicates a 61.21% rise compared to APP last annual SG&A of $259.32M (Dec 23).

AppLovin EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts54544348149347178877127148915
EPS------------$0.49$0.32-$-0.01$-0.25$0.06$-0.06$-0.31$0.08-$0.04$-0.03
Avg Forecast$2.18$2.12$1.79$1.66$1.76$1.64$1.38$1.27$1.24$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$2.23$2.16$1.83$1.70$1.80$1.67$1.41$1.34$1.29$0.93$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$2.14$2.07$1.75$1.63$1.73$1.60$1.35$1.13$1.14$0.91$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MNDYmonday$251.80$296.2517.65%Buy
FROGJFrog$31.21$34.4410.35%Buy
INTUIntuit$677.77$744.009.77%Buy
GTLBGitLab$59.14$64.008.22%Buy
WDAYWorkday$278.01$289.504.13%Buy
SNOWSnowflake$170.81$164.58-3.65%Buy
DDOGDatadog$156.91$148.25-5.52%Buy
TEAMAtlassian$269.79$231.46-14.21%Buy
ZMZoom Video Communications$84.60$72.20-14.66%Hold
SHOPShopify$119.49$98.43-17.62%Buy
BILLBill.com$87.46$63.82-27.03%Buy
DOCUDocuSign$98.17$68.67-30.05%Hold
AIC3.ai$42.86$29.50-31.17%Buy
APPAppLovin$337.89$224.58-33.53%Buy
ASANAsana$26.32$14.00-46.81%Buy

APP Forecast FAQ

Is AppLovin a good buy?

Yes, according to 24 Wall Street analysts, AppLovin (APP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 18 'Buy' recommendations, accounting for 75.00% of APP's total ratings.

What is APP's price target?

AppLovin (APP) average price target is $224.58 with a range of $108 to $435, implying a -34.43% from its last price of $342.52. The data is based on 24 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 -34.43% (from the last price of $342.52 to the average price target of $224.58), up by 27.00% based on the highest stock price target, and down by -68.47% based on the lowest stock price target.

Can AppLovin stock reach $500?

APP's average twelve months analyst stock price target of $224.58 does not support the claim that AppLovin can reach $500 in the near future.

What is AppLovin's current price target trend?

2 Wall Street analysts forecast a $417.5 price target for AppLovin (APP) this month, up 21.89% from its last price of $342.52. Compared to the last 3 and 12 months, the average price target decreased by -25.65% and decreased by -47.01%, 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 $5.69B (high $5.78B, low $5.6B), average EBITDA is $1.32B (high $1.34B, low $1.3B), average net income is $2.11B (high $2.17B, low $2.02B), average SG&A $2.44B (high $2.48B, low $2.4B), and average EPS is $6.05 (high $6.22, low $5.81). APP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $6.68B (high $6.79B, low $6.58B), average EBITDA is $1.55B (high $1.58B, low $1.53B), average net income is $2.7B (high $2.76B, low $2.64B), average SG&A $2.87B (high $2.92B, low $2.83B), and average EPS is $7.75 (high $7.91, low $7.59).

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 $584.11M by 97.74%. The company's net income was $354.94M, missing the average estimation of $-316M by -212.36%. Apple's SG&A was $983.3M, missing the average forecast of $1.35B by -27.16%. 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 $215.85M by 80.05%. AppLovin's net income was $171.52M, beating the average estimation of $120.56M by 42.27%. The company's SG&A was $259.32M, missing the average forecast of $398.71M by -34.96%. Lastly, the company's EPS was $0.49, beating the average prediction of $0.346 by 41.53%