AppLovin Corporation (APP)
NASDAQ: APP · Real-Time Price · USD
318.24
-6.98 (-2.15%)
At close: Nov 21, 2024, 4:00 PM
311.77
-6.47 (-2.03%)
Pre-market: Nov 22, 2024, 7:24 AM EST
AppLovin Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for AppLovin stock have an average target of 210.17, with a low estimate of 53.2 and a high estimate of 400. The average target predicts a decrease of -33.96% from the current stock price of 318.24.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for AppLovin stock from 20 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 7 | 8 | 7 | 8 |
| Buy | 3 | 3 | 2 | 3 | 4 | 6 |
| Hold | 5 | 5 | 4 | 3 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 19 | 19 | 14 | 15 | 17 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $250 → $360 | Buy | Maintains | $250 → $360 | +13.12% | Nov 20, 2024 |
| Piper Sandler | Piper Sandler | Buy Initiates $400 | Buy | Initiates | $400 | +25.69% | Nov 20, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $185 → $335 | Strong Buy | Maintains | $185 → $335 | +5.27% | Nov 18, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $181 → $385 | Strong Buy | Maintains | $181 → $385 | +20.98% | Nov 11, 2024 |
| Daiwa Capital | Daiwa Capital | Hold → Buy Upgrades $80 → $280 | Hold → Buy | Upgrades | $80 → $280 | -12.02% | Nov 8, 2024 |
Financial Forecast
Revenue This Year
4.58B
from 3.28B
Increased by 39.44%
Revenue Next Year
5.43B
from 4.58B
Increased by 18.70%
EPS This Year
3.69
from 0.98
Increased by 277.32%
EPS Next Year
5.14
from 3.69
Increased by 39.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.9B | 6.3B | 7.7B | ||
| Avg | 4.6B | 5.4B | 6.4B | ||
| Low | 4.3B | 4.8B | 5.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 47.9% | 36.8% | 42.4% | ||
| Avg | 39.4% | 18.7% | 17.3% | ||
| Low | 31.6% | 4.1% | 0.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.35 | 7.27 | 11.51 |
| Avg | 3.69 | 5.14 | 7.08 |
| Low | 3.23 | 3.90 | 4.22 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 344.0% | 96.7% | 123.7% |
| Avg | 277.3% | 39.2% | 37.6% |
| Low | 230.3% | 5.6% | -17.9% |
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.