AppLovin Corporation (APP)
NASDAQ: APP · IEX Real-Time Price · USD
73.82
+4.61 (6.66%)
Apr 26, 2024, 4:00 PM EDT - Market closed
AppLovin Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for AppLovin stock have an average target of 59.45, with a low estimate of 28 and a high estimate of 87. The average target predicts a decrease of -19.47% from the current stock price of 73.82.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for AppLovin stock from 17 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 9 | 9 | 9 | 9 | 9 |
| Buy | 4 | 4 | 4 | 3 | 3 | 3 |
| Hold | 3 | 3 | 3 | 3 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 16 | 17 | 17 | 16 | 16 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $55 → $70 | Hold | Maintains | $55 → $70 | -5.17% | Apr 16, 2024 |
| Daiwa Capital | Daiwa Capital | Hold Initiates $80 | Hold | Initiates | $80 | +8.37% | Apr 15, 2024 |
| Wedbush | Wedbush | Buy Maintains $67 → $87 | Buy | Maintains | $67 → $87 | +17.85% | Apr 11, 2024 |
| BTIG | BTIG | Strong Buy Maintains $65 → $87 | Strong Buy | Maintains | $65 → $87 | +17.85% | Apr 9, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $70 → $85 | Buy | Maintains | $70 → $85 | +15.14% | Apr 8, 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 |
|---|---|---|---|
| High | 4.5B | 5.1B | 5.7B |
| Avg | 4.1B | 4.5B | 4.9B |
| Low | 3.9B | 4.0B | 4.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.6% | 24.6% | 26.3% |
| Avg | 25.3% | 9.7% | 7.9% |
| Low | 17.4% | -1.7% | -12.3% |
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.