AppLovin (APP) Stock Forecast, Price Target & Predictions
APP Stock Forecast
AppLovin stock forecast is as follows: an average price target of $126.43 (represents a -62.07% downside from APP’s last price of $333.31) 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 $126.43 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $385.00 to $36.00. This represents a potential -62.07% downside from APP's last price of $333.31.
APP Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 11, 2024 | Rob Sanderson | Loop Capital Markets | - | - | 131.86% | 15.51% |
| Oct 28, 2024 | Alec Bonello | Wells Fargo | - | - | 20.35% | -40.00% |
| Oct 23, 2024 | Martin Yang | Oppenheimer | - | - | 13.24% | -46.00% |
| Oct 22, 2024 | Jason Bazinet | Citigroup | - | - | 16.39% | -44.50% |
| Oct 21, 2024 | Omar Dessouky | Bank of America Securities | - | - | 33.63% | -37.00% |
| Oct 14, 2024 | Eric Sheridan | Goldman Sachs | - | - | - | -55.90% |
| Sep 25, 2024 | Tim Nollen | Macquarie | - | - | 14.83% | -55.00% |
| Sep 17, 2024 | John Hodulik | UBS | - | - | 17.54% | -56.50% |
| Sep 13, 2024 | Clark Lampen | BTIG | - | - | 42.03% | -55.00% |
| Sep 11, 2024 | Omar Dessouky | Bank of America Securities | - | - | 39.16% | -64.00% |
The latest AppLovin stock forecast, released on Nov 11, 2024 by Rob Sanderson from Loop Capital Markets, set a price target of $385.00, which represents a 131.86% increase from the stock price at the time of the forecast ($166.05), and a 15.51% increase from APP last price ($333.31).
AppLovin Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 11 | 16 |
| Avg Price Target | $255.00 | $180.00 | $152.00 |
| Last Closing Price | $333.31 | $333.31 | $333.31 |
| Upside/Downside | -23.49% | -46.00% | -54.40% |
In the current month, the average price target of AppLovin stock is $255.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a -23.49% decrease as opposed to AppLovin's last price of $333.31. This month's average price target is up 41.67% compared to last quarter, and up 67.76% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 11, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Nov 08, 2024 | Daiwa | Neutral | Outperform | Upgrade |
| Oct 30, 2024 | BTIG | Buy | Buy | Hold |
| Oct 28, 2024 | Wells Fargo | Overweight | Initialise | |
| Oct 23, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Oct 22, 2024 | Citigroup | Buy | Buy | Hold |
| 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 |
AppLovin's last stock rating was published by Loop Capital Markets on Nov 11, 2024. The company gave APP a "Buy" rating, the same as its previous rate.
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 | $1.79B | $1.69B | $1.58B | $1.54B | $1.50B | $1.43B | $1.33B | $1.29B | $1.25B | $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 | $1.81B | $1.72B | $1.60B | $1.56B | $1.52B | $1.45B | $1.35B | $1.30B | $1.27B | $1.14B | $1.08B | $973.70M | $940.78M | $815.48M | $735.32M | $705.34M | $701.31M | $728.24M | $819.63M | $814.99M | $780.41M | $697.82M | $644.50M | $557.31M |
| Low Forecast | $1.74B | $1.65B | $1.54B | $1.50B | $1.47B | $1.39B | $1.30B | $1.28B | $1.23B | $1.12B | $1.08B | $973.70M | $920.87M | $785.87M | $707.61M | $678.76M | $674.88M | $728.24M | $819.63M | $814.99M | $780.41M | $697.82M | $644.50M | $557.31M |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 11 | 5 | 3 | 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 11 | 5 | 3 | 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 | $414.76M | $393.37M | $366.79M | $357.52M | $348.67M | $331.19M | $309.03M | $300.55M | $289.66M | $262.80M | $251.01M | $13.83M | $215.70M | $184.98M | $168.25M | $14.79M | $281.11M | $179.72M | $202.28M | $15.82M | $192.60M | $172.21M | $168.75M | $137.54M |
| High Forecast | $421.02M | $399.31M | $372.33M | $362.91M | $353.93M | $336.19M | $313.69M | $302.86M | $294.03M | $264.45M | $251.01M | $16.60M | $218.51M | $189.41M | $170.79M | $17.75M | $337.33M | $179.72M | $202.28M | $18.98M | $192.60M | $172.21M | $202.50M | $137.54M |
| Low Forecast | $405.16M | $384.26M | $358.30M | $349.24M | $340.59M | $323.52M | $301.87M | $298.24M | $285.06M | $261.14M | $251.01M | $11.06M | $213.89M | $182.53M | $164.36M | $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 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 11 | 5 | 3 | 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 | $727.38M | $695.12M | $582.84M | $547.09M | $583.11M | $547.42M | $468.27M | $438.84M | $428.51M | $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 | $741.66M | $708.76M | $594.28M | $557.83M | $594.56M | $558.17M | $477.46M | $455.46M | $441.90M | $324.55M | $258.05M | $-417.15M | $141.23M | $128.74M | $27.82M | $-446.15M | $60.60M | $24.38M | $54.35M | $-477.16M | $37.21M | $35.28M | $20.77M | $-3.86M |
| Low Forecast | $705.48M | $674.19M | $565.29M | $530.62M | $565.56M | $530.94M | $454.17M | $418.89M | $395.03M | $317.35M | $258.04M | $-625.72M | $96.45M | $69.59M | $26.46M | $-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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 11 | 5 | 3 | 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 | $766.68M | $727.13M | $678.01M | $660.86M | $644.50M | $612.20M | $571.23M | $555.56M | $535.43M | $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 | $778.25M | $738.11M | $688.25M | $670.84M | $654.23M | $621.44M | $579.85M | $559.83M | $543.52M | $488.82M | $463.99M | $418.05M | $403.92M | $350.12M | $315.70M | $302.83M | $676.73M | $309.53M | $348.38M | $346.41M | $331.71M | $296.60M | $447.14M | $236.88M |
| Low Forecast | $748.92M | $710.29M | $662.31M | $645.56M | $629.57M | $598.02M | $558.00M | $551.28M | $526.93M | $482.72M | $463.99M | $418.05M | $395.37M | $337.41M | $303.81M | $291.42M | $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 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 11 | 5 | 3 | 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 | $2.09 | $2.00 | $1.67 | $1.57 | $1.67 | $1.57 | $1.34 | $1.26 | $1.23 | $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 | $2.13 | $2.04 | $1.71 | $1.60 | $1.71 | $1.60 | $1.37 | $1.31 | $1.27 | $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 | $2.03 | $1.94 | $1.62 | $1.52 | $1.62 | $1.52 | $1.30 | $1.20 | $1.13 | $0.91 | $0.74 | $0.57 | $0.28 | $0.20 | $0.08 | $0.07 | $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 | - | - | 88.40% | Buy |
| ASAN | Asana | - | - | 59.15% | Buy |
| BILL | Bill.com | - | - | 55.22% | Buy |
| ZM | Zoom Video Communications | - | - | 30.34% | Hold |
| SNOW | Snowflake | - | - | 22.36% | Buy |
| INTU | Intuit | - | - | 11.71% | Buy |
| FROG | JFrog | - | - | 7.15% | Buy |
| WDAY | Workday | - | - | 1.35% | Buy |
| MNDY | monday | - | - | -1.86% | Buy |
| GTLB | GitLab | - | - | -4.49% | Buy |
| TEAM | Atlassian | - | - | -5.40% | Buy |
| DDOG | Datadog | - | - | -6.15% | Buy |
| SHOP | Shopify | - | - | -14.07% | Buy |
| DOCU | DocuSign | - | - | -16.98% | Hold |
| APP | AppLovin | - | - | -62.07% | Buy |