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AppLovin Corp has a consensus price target of $66.6 based on the ratings of 23 analysts. The high is $105 issued by Oppenheimer on August 8, 2024. The low is $22 issued by Keybanc on February 9, 2023. The 3 most-recent analyst ratings were released by Benchmark, Oppenheimer, and Wedbush on August 23, 2024, August 8, 2024, and August 8, 2024, respectively. With an average price target of $87 between Benchmark, Oppenheimer, and Wedbush, there's an implied -3.55% downside for AppLovin Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for AppLovin (NASDAQ:APP) was reported by Benchmark on August 23, 2024. The analyst firm set a price target for $66.00 expecting APP to fall to within 12 months (a possible -26.83% downside). 34 analyst firms have reported ratings in the last year.
The latest analyst rating for AppLovin (NASDAQ:APP) was provided by Benchmark, and AppLovin maintained their sell rating.
The last upgrade for AppLovin Corp happened on August 22, 2023 when Jefferies raised their price target to $50. Jefferies previously had a hold for AppLovin Corp.
The last downgrade for AppLovin Corp happened on February 23, 2023 when UBS changed their price target from $59 to $16 for AppLovin Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of AppLovin, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for AppLovin was filed on August 23, 2024 so you should expect the next rating to be made available sometime around August 23, 2025.
While ratings are subjective and will change, the latest AppLovin (APP) rating was a maintained with a price target of $48.00 to $66.00. The current price AppLovin (APP) is trading at is $90.20, which is out of the analyst’s predicted range.
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