AppLovin Corporation (APP)

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 -35.38% from the current stock price of 325.22.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$53.2	$210.17	$200	$400
Change	-83.64%	-35.38%	-38.50%	+22.99%

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
Alec Brondolo Wells Fargo	Wells Fargo	Buy Maintains $250 → $360	Buy	Maintains	$250 → $360	+10.69%	Nov 20, 2024
James Callahan Piper Sandler	Piper Sandler	Buy Initiates $400	Buy	Initiates	$400	+22.99%	Nov 20, 2024
Jason Bazinet Citigroup	Citigroup	Strong Buy Maintains $185 → $335	Strong Buy	Maintains	$185 → $335	+3.01%	Nov 18, 2024
Rob Sanderson Loop Capital	Loop Capital	Strong Buy Maintains $181 → $385	Strong Buy	Maintains	$181 → $385	+18.38%	Nov 11, 2024
Jonathan Kees Daiwa Capital	Daiwa Capital	Hold → Buy Upgrades $80 → $280	Hold → Buy	Upgrades	$80 → $280	-13.90%	Nov 8, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.58B

Increased by 39.44%

from 3.28B

Revenue Next Year

5.43B

Increased by 18.70%

from 4.58B

EPS This Year

3.69

Increased by 277.32%

from 0.98

EPS Next Year

5.14

Increased by 39.25%

from 3.69

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	994.10M	1.45B	2.79B	2.82B	3.28B	4.58B	5.43B	6.37B
Revenue Growth	105.66%	45.97%	92.48%	0.86%	16.54%	39.44%	18.70%	17.28%
EPS	0.36	-0.58	0.09	-0.52	0.98	3.69	5.14	7.08
EPS Growth	-	-	-	-	-	277.32%	39.25%	37.59%
Forward PE	-	-	-	-	-	88.04	63.22	45.95
No. Analysts	-	-	-	-	-	23	23	15

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

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.