JPMorgan Chase & Co. Raises AppLovin (NASDAQ:APP) Price Target to $650.00

AppLovin (NASDAQ:APP) had its price target increased by investment analysts at JPMorgan Chase & Co. from $425.00 to $650.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 4.61% from the company’s current price.

A number of other brokerages have also recently issued reports on APP. Deutsche Bank Aktiengesellschaft set a $705.00 target price on shares of AppLovin and gave the company a “buy” rating in a report on Wednesday, October 22nd. Bank of America raised their price objective on AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Phillip Securities raised AppLovin to a “moderate buy” rating in a report on Monday, September 29th. Scotiabank raised their price target on AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on shares of AppLovin from $491.00 to $633.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $635.39.

AppLovin Stock Up 0.7%

APP stock traded up $4.31 during mid-day trading on Thursday, reaching $621.36. The company had a trading volume of 8,387,558 shares, compared to its average volume of 7,180,099. The company has a market capitalization of $210.18 billion, a price-to-earnings ratio of 88.26, a PEG ratio of 3.30 and a beta of 2.50. AppLovin has a 52 week low of $200.50 and a 52 week high of $745.61. The stock has a 50 day simple moving average of $599.29 and a two-hundred day simple moving average of $446.46. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.74 and a quick ratio of 2.74.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.11. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a net margin of 45.72% and a return on equity of 252.67%. The firm’s revenue was up 68.2% on a year-over-year basis. During the same period last year, the business earned $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that AppLovin will post 6.87 earnings per share for the current fiscal year.

Insider Buying and Selling at AppLovin

In related news, Director Dawson Alyssa Harvey sold 350 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $487.97, for a total value of $170,789.50. Following the completion of the sale, the director directly owned 3,150 shares in the company, valued at approximately $1,537,105.50. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Vasily Shikin sold 30,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total value of $13,127,100.00. Following the sale, the chief technology officer directly owned 3,360,104 shares in the company, valued at $1,470,280,707.28. This represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,156,788 shares of company stock worth $514,863,333 over the last quarter. Company insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of APP. Hilltop National Bank acquired a new position in AppLovin in the 2nd quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA acquired a new stake in AppLovin in the second quarter valued at $26,000. SouthState Corp acquired a new position in AppLovin during the 1st quarter worth about $29,000. Chilton Capital Management LLC bought a new stake in shares of AppLovin in the 3rd quarter valued at about $29,000. Finally, Activest Wealth Management increased its stake in shares of AppLovin by 760.0% in the third quarter. Activest Wealth Management now owns 43 shares of the company’s stock valued at $31,000 after buying an additional 38 shares during the period. Institutional investors own 41.85% of the company’s stock.

AppLovin Company Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.