AppLovin Stock Forecast

Stock Price Forecast

According to 33 analysts polled by S&P Global, AppLovin stock has a consensus rating of "Buy" and an average price target of $501.94. The average 1-year stock price forecast is 62.94% higher than the current stock price, while the lowest is $325 (+5.50%) and the highest is $790 (+156.44%).

Price Target: $501.94 (+62.94%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$325	$501.94	$476	$790
Change	+5.50%	+62.94%	+54.52%	+156.44%

Analyst Ratings

The average analyst rating for AppLovin stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Apr '26	May '26	Jun '26	Jul '26	Aug '26	Sep '26
Strong Buy	20	21	22	22	20	20
Buy	6	7	7	7	6	7
Hold	4	4	3	3	7	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	30	32	32	32	33	33

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Cost Morgan Stanley	Morgan Stanley	Buy Reiterates $650 → $450	Buy	Reiterates	$650 → $450	+46.08%	Sep 14, 2026
Jason Bazinet Citi	Citi	Buy Maintains $600	Buy	Maintains	$600	+94.77%	Sep 11, 2026
Clark Lampen BTIG	BTIG	Buy Reiterates $408 → $396	Buy	Reiterates	$408 → $396	+28.55%	Sep 8, 2026
Ralph Schackart William Blair	William Blair	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Sep 3, 2026
Robert Coolbrith Evercore ISI	Evercore ISI	Buy Maintains $630 → $510	Buy	Maintains	$630 → $510	+65.55%	Sep 1, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

8.10B

from 5.48B

47.82%

from 5.48B

Revenue Next Year

10.26B

from 8.10B

26.69%

from 8.10B

EPS This Year

16.76

from 10.64

57.43%

from 10.64

EPS Next Year

20.98

from 16.76

25.20%

from 16.76

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	8.10B
Revenue Growth	92.48%	0.86%	-34.62%	75.05%	69.99%	47.82%
Gross Profit	1.81B	1.56B	1.49B	2.70B	4.82B	7.14B
Gross Margin	64.62%	55.41%	80.64%	83.85%	87.86%	88.15%
Operating Income	166.67M	-19.51M	772.41M	1.91B	4.15B	6.33B
Net Income	35.45M	-192.75M	356.71M	1.58B	3.33B	5.26B
EPS	-	-	-	-	10.64	16.76
EPS Growth	-	-	-	-	87.03%	57.43%
Forward PE	57.55	41.87	28.37	58.54	50.39	18.39
Free Cash Flow	-	-	-	-	2.70B	5.19B
No. Analysts	-	-	-	-	-	30

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	8.3B
Avg	8.1B
Low	7.6B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	50.8%
Avg	47.8%
Low	39.0%

EPS Forecast

Chart

EPS	2026	2027	2028
High	17.78
Avg	16.76
Low	15.65

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	67.1%
Avg	57.4%
Low	47.0%