AppLovin Stock Forecast

Stock Price Forecast

According to 32 analysts polled by S&P Global, AppLovin stock has a consensus rating of "Strong Buy" and an average price target of $648.1. The average 1-year stock price forecast is 16.31% higher than the current stock price, while the lowest is $340 (-38.98%) and the highest is $860 (+54.34%).

Price Target: $648.1 (+16.31%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$340	$648.1	$660	$860
Change	-38.98%	+16.31%	+18.45%	+54.34%

Analyst Ratings

The average analyst rating for AppLovin stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	16	17	17	17	20	21
Buy	6	7	7	6	6	7
Hold	3	2	3	4	4	4
Sell	1	1	0	0	0	0
Strong Sell	1	1	1	0	0	0
Total	27	28	28	27	30	32

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jason Bazinet Citi	Citi	Buy Maintains $710	Buy	Maintains	$710	+27.42%	Jun 1, 2026
Bernie McTernan Needham	Needham	Buy Maintains $700	Buy	Maintains	$700	+25.63%	May 28, 2026
Matthew Cost Morgan Stanley	Morgan Stanley	Buy Maintains $720	Buy	Maintains	$720	+29.22%	May 27, 2026
Alec Brondolo Wells Fargo	Wells Fargo	Buy Reiterates $571	Buy	Reiterates	$571	+2.48%	May 22, 2026
James Heaney CFA Jefferies	Jefferies	Buy Maintains $700	Buy	Maintains	$700	+25.63%	May 21, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

8.21B

from 5.48B

49.73%

from 5.48B

Revenue Next Year

10.64B

from 8.21B

29.60%

from 8.21B

EPS This Year

16.67

from 10.64

56.64%

from 10.64

EPS Next Year

21.93

from 16.67

31.53%

from 16.67

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.79B	2.82B	1.84B	3.22B	5.48B	8.21B
Revenue Growth	92.48%	0.86%	-34.62%	75.05%	69.99%	49.73%
Gross Profit	1.81B	1.56B	1.49B	2.70B	4.82B	7.22B
Gross Margin	64.62%	55.41%	80.64%	83.85%	87.86%	87.99%
Operating Income	166.67M	-19.51M	772.41M	1.91B	4.15B	6.35B
Net Income	35.45M	-192.75M	356.71M	1.58B	3.33B	5.42B
EPS	-	-	-	-	10.64	16.67
EPS Growth	-	-	-	-	87.03%	56.64%
Forward PE	57.55	41.87	28.37	58.54	50.39	33.42
Free Cash Flow	-721.97M	1.42B	654.69M	1.29B	2.70B	5.62B
No. Analysts	-	-	-	-	-	27

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	8.6B
Avg	8.2B
Low	7.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	57.1%
Avg	49.7%
Low	39.0%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	16.67
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	56.6%
Low	-