AppLovin (NASDAQ:APP) Price Target Raised to $720.00 at The Goldman Sachs Group

AppLovin (NASDAQ:APP) had its target price upped by The Goldman Sachs Group from $630.00 to $720.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also weighed in on the company. Wedbush upped their price objective on AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday. Weiss Ratings lowered AppLovin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. UBS Group increased their price objective on AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America lifted their price objective on AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Jefferies Financial Group upped their target price on shares of AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Twenty investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, AppLovin currently has an average rating of “Moderate Buy” and an average target price of $659.64.

AppLovin Price Performance

Shares of APP stock traded down $1.43 during mid-day trading on Friday, reaching $619.93. The company’s stock had a trading volume of 6,647,433 shares, compared to its average volume of 4,279,833. The firm’s 50-day moving average is $604.87 and its two-hundred day moving average is $450.40. The company has a market cap of $209.69 billion, a P/E ratio of 75.23, a PEG ratio of 3.34 and a beta of 2.50. AppLovin has a 1-year low of $200.50 and a 1-year high of $745.61. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.74 and a current ratio of 3.25.

AppLovin (NASDAQ:APP) last issued 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. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $1.29 EPS. The firm’s revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. On average, research analysts predict that AppLovin will post 6.87 earnings per share for the current year.

Insider Buying and Selling at AppLovin

In other AppLovin news, CEO Arash Adam Foroughi sold 90,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $421.04, for a total transaction of $37,893,600.00. Following the sale, the chief executive officer owned 2,620,054 shares of the company’s stock, valued at $1,103,147,536.16. This represents a 3.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victoria Valenzuela sold 35,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the sale, the insider owned 269,955 shares of the company’s stock, valued at $135,579,499.65. The trade was a 11.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,159,138 shares of company stock worth $516,256,695 over the last quarter. Corporate insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Hilltop National Bank bought a new stake in AppLovin in the second quarter valued at about $26,000. LFA Lugano Financial Advisors SA acquired a new position in shares of AppLovin during the 2nd quarter worth about $26,000. SouthState Corp acquired a new position in shares of 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 raised its position in shares of AppLovin by 760.0% in the 3rd quarter. Activest Wealth Management now owns 43 shares of the company’s stock valued at $31,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds 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.