AppLovin Corporation (APP)
NASDAQ: APP · IEX Real-Time Price · USD
82.49
-0.74 (-0.89%)
At close: May 17, 2024, 4:00 PM
82.55
+0.06 (0.07%)
After-hours: May 17, 2024, 7:58 PM EDT
AppLovin Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for AppLovin stock have an average target of 71.31, with a low estimate of 28 and a high estimate of 105. The average target predicts a decrease of -13.55% from the current stock price of 82.49.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for AppLovin stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 9 | 10 |
| Buy | 4 | 4 | 3 | 3 | 3 | 3 |
| Hold | 3 | 3 | 3 | 3 | 4 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 17 | 17 | 16 | 16 | 17 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $80 → $98 | Strong Buy | Maintains | $80 → $98 | +18.80% | May 10, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $93 → $105 | Strong Buy | Maintains | $93 → $105 | +27.29% | May 9, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $85 → $97 | Buy | Maintains | $85 → $97 | +17.59% | May 9, 2024 |
| BTIG | BTIG | Strong Buy Maintains $87 → $100 | Strong Buy | Maintains | $87 → $100 | +21.23% | May 9, 2024 |
| Stifel | Stifel | Strong Buy Maintains $85 → $98 | Strong Buy | Maintains | $85 → $98 | +18.80% | May 9, 2024 |
Financial Forecast
Revenue This Year
4.11B
from 3.28B
Increased by 25.31%
Revenue Next Year
4.51B
from 4.11B
Increased by 9.70%
EPS This Year
2.54
from 0.98
Increased by 159.64%
EPS Next Year
3.15
from 2.54
Increased by 23.75%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.5B | 5.1B | 5.7B | 5.7B |
| Avg | 4.1B | 4.5B | 4.9B | 5.5B |
| Low | 3.9B | 4.0B | 4.0B | 5.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 36.6% | 24.6% | 26.3% | 17.9% |
| Avg | 25.3% | 9.7% | 7.9% | 13.4% |
| Low | 17.4% | -1.7% | -12.3% | 10.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.38 | 4.17 | 5.09 |
| Avg | 2.54 | 3.15 | 4.02 |
| Low | 1.94 | 2.03 | 2.87 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 245.0% | 63.8% | 61.7% |
| Avg | 159.6% | 23.7% | 27.7% |
| Low | 98.0% | -20.3% | -8.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.