AppLovin (NASDAQ:APP) Given “Buy” Rating at BTIG Research

BTIG Research reaffirmed their buy rating on shares of AppLovin (NASDAQ:APP) in a report published on Thursday,Benzinga reports. They currently have a $640.00 price target on the stock.

Several other analysts have also recently commented on the stock. Piper Sandler raised their price objective on shares of AppLovin from $650.00 to $665.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $700.00 target price on shares of AppLovin in a report on Thursday, February 12th. Jefferies Financial Group reduced their price target on shares of AppLovin from $860.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Benchmark reissued a “buy” rating on shares of AppLovin in a research note on Friday, March 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $700.00 price target on shares of AppLovin in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $664.35.

AppLovin Stock Performance

APP stock traded down $33.71 on Thursday, hitting $465.16. The company’s stock had a trading volume of 4,705,994 shares, compared to its average volume of 5,608,262. The firm has a 50 day moving average of $442.83 and a two-hundred day moving average of $532.96. AppLovin has a 1 year low of $320.00 and a 1 year high of $745.61. The stock has a market cap of $156.89 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 0.81 and a beta of 2.37. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 1.65.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.12. AppLovin had a return on equity of 245.95% and a net margin of 64.29%.The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business posted $1.67 EPS. The company’s revenue was up 58.9% on a year-over-year basis. Equities analysts predict that AppLovin will post 15.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other AppLovin news, Director Eduardo Vivas sold 163,910 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $453.49, for a total value of $74,331,545.90. Following the sale, the director directly owned 6,969,382 shares of the company’s stock, valued at approximately $3,160,545,043.18. This trade represents a 2.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Arash Adam Foroughi sold 50,000 shares of AppLovin stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $466.04, for a total transaction of $23,302,000.00. Following the completion of the transaction, the chief executive officer owned 2,480,414 shares in the company, valued at approximately $1,155,972,140.56. This trade represents a 1.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 365,244 shares of company stock valued at $169,584,607 in the last quarter. 13.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AppLovin

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its stake in shares of AppLovin by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 39,804 shares of the company’s stock valued at $15,842,000 after acquiring an additional 2,225 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in AppLovin during the 1st quarter valued at approximately $44,000. DJE Kapital AG grew its stake in AppLovin by 1,820.0% during the 1st quarter. DJE Kapital AG now owns 19,200 shares of the company’s stock valued at $7,269,000 after purchasing an additional 18,200 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in AppLovin during the 1st quarter worth approximately $25,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of AppLovin by 7.9% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 3,028 shares of the company’s stock valued at $1,205,000 after purchasing an additional 222 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Q1 results beat expectations with revenue of $1.84B (+59% YoY) and GAAP EPS of $3.56; management raised near‑term guidance — this is the primary fundamental driver supporting the stock. AppLovin Announces First Quarter 2026 Financial Results
• Positive Sentiment: Company expects Q2 revenue of about $1.915B–$1.945B and ~84%–85% adjusted EBITDA margin as the Axon self‑service product opens in June — a clear near‑term catalyst for ad monetization and margin leverage. AppLovin expects Q2 2026 revenue of $1.915B-$1.945B with ~84%-85% adjusted
• Positive Sentiment: Multiple brokerages raised targets or reiterated bullish ratings (Needham reaffirmed buy with $700 PT; Wells Fargo and Wedbush also raised targets), reinforcing medium‑term upside expectations. AppLovin (NASDAQ:APP) Receives “Buy” Rating from Needham & Company LLC
• Positive Sentiment: Technical commentary points to a bullish double‑bottom/reversal after testing support — this can attract short‑term technical buyers if volume confirms a breakout. AppLovin (APP) Price Forecast: Double Bottom Targets Breakout
• Neutral Sentiment: Despite the beat, trading has been choppy — headlines note the stock “slipped” and experienced volatile intraday reversals as investors digested results and guidance. AppLovin Stock Rises As AI Platform’s Earnings Report Triggers Volatile Trading
• Neutral Sentiment: Some upgrades (Zacks, others) may support near‑term flows, but JPMorgan’s move to raise the target while keeping a “neutral” rating tempers outright bullishness. Benzinga coverage of analyst moves
• Negative Sentiment: A Seeking Alpha piece argued AppLovin’s growth story faces a “patience problem,” flagging timing risk around consumer/e‑commerce scaling — this critique can weigh on investor sentiment for execution timelines. AppLovin: Growth Story Has A Patience Problem (Downgrade)
• Negative Sentiment: Broader ad‑tech volatility: The Trade Desk posted a miss and dropped sharply, which has unsettled the sector and likely contributed to profit‑taking in higher‑beta ad names, including AppLovin. Trade Desk Tumbles 13%, AppLovin Holds Gains as Ad-Tech Q1 Earnings Split Wall Street

About AppLovin

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.