Needham & Company LLC Reaffirms “Buy” Rating for AppLovin (NASDAQ:APP)

AppLovin (NASDAQ:APP)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports. They currently have a $475.00 price target on the stock. Needham & Company LLC‘s price target points to a potential upside of 21.42% from the company’s previous close.

APP has been the subject of a number of other reports. Citigroup lowered their target price on AppLovin from $600.00 to $500.00 and set a “buy” rating for the company in a report on Monday, October 19th. Bank of America lowered shares of AppLovin from a “buy” rating to a “neutral” rating and cut their price target for the stock from $430.00 to $400.00 in a research note on Tuesday, August 11th. Piper Sandler reissued a “neutral” rating on shares of AppLovin in a research report on Friday, October 2nd. UBS Group lowered their price objective on shares of AppLovin from $790.00 to $414.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, Wells Fargo & Company lowered their price objective on shares of AppLovin from $357.00 to $325.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, AppLovin currently has a consensus rating of “Moderate Buy” and an average target price of $497.93.

AppLovin Trading Up 9.9%

NASDAQ APP traded up $35.12 on Thursday, reaching $391.22. The stock had a trading volume of 11,683,563 shares, compared to its average volume of 3,772,017. The firm has a market capitalization of $130.92 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 0.51 and a beta of 2.51. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin has a 12-month low of $225.19 and a 12-month high of $738.01. The stock has a fifty day moving average price of $293.36 and a two-hundred day moving average price of $409.91.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 EPS for the quarter, topping the consensus estimate of $4.03 by $0.27. AppLovin had a return on equity of 193.10% and a net margin of 64.58%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business posted $2.45 earnings per share. The company’s quarterly revenue was up 55.5% on a year-over-year basis. As a group, sell-side analysts forecast that AppLovin will post 15.79 EPS for the current fiscal year.

Institutional Investors Weigh In On AppLovin

Large investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of AppLovin by 28.3% in the 2nd quarter. State Street Corp now owns 15,095,667 shares of the company’s stock valued at $7,777,741,000 after buying an additional 3,328,338 shares during the period. WCM Investment Management LLC increased its stake in shares of AppLovin by 5.2% during the first quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock worth $1,860,995,000 after buying an additional 245,290 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AppLovin by 7.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,735,471 shares of the company’s stock worth $894,167,000 after buying an additional 121,605 shares during the period. Bank of New York Mellon Corp acquired a new stake in AppLovin in the second quarter valued at approximately $730,015,000. Finally, Amundi raised its holdings in AppLovin by 19.5% in the second quarter. Amundi now owns 1,332,633 shares of the company’s stock valued at $686,612,000 after acquiring an additional 217,214 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin reported Q3 revenue of $2.18 billion, up 55.5% year over year, and EPS of $4.30, beating analyst estimates. Net income rose 72% to $1.44 billion, with a net margin near 66%. AppLovin Q3 results
• Positive Sentiment: Q4 revenue guidance of $2.365 billion–$2.395 billion came in above expectations, supporting hopes that growth from AppLovin’s AI-powered advertising models can continue as their rollout expands. CEO Adam Foroughi also said the business could grow roughly 30% annually over the long term. CEO comments on long-term growth
• Positive Sentiment: The company expanded its share repurchase authorization to $3.6 billion, while strong cash generation gives it capacity to return capital to shareholders. Cash generation and buyback
• Neutral Sentiment: Analyst views are mixed: RBC and Oppenheimer raised their targets to $520 and reiterated positive ratings, while Wells Fargo’s raised $347 target remains below the shares’ recent trading level and carries an equal-weight rating. Analyst target changes
• Negative Sentiment: Multiple law firms publicized a pending securities class action covering investors who bought shares from February 12 through August 5, 2026. The suit alleges misleading statements about AI-model readiness and adoption of self-service ad tools; the allegations are not established findings, but the litigation could create uncertainty. The lead-plaintiff deadline is November 16. Class-action notice

About AppLovin

AppLovin is a technology company that provides software to help mobile app developers and advertisers grow their businesses. Its platform connects advertisers seeking users with app publishers looking to monetize their audiences, using data and machine-learning tools to support advertising and user acquisition.

The company’s products include AXON, its advertising optimization engine; AppDiscovery, which helps advertisers find and acquire users; and MAX, a platform for managing in-app advertising.