On May 8, 2025, Oppenheimer analyst Martin Yang announced updates to his analysis of AppLovin (APP, Financial), maintaining his "Outperform" rating on the stock. This decision reflects continued confidence in the company's potential performance despite recent market adjustments.
However, Yang has adjusted the price target for AppLovin (APP, Financial), lowering it from $560.00 to $500.00 USD. This change marks a 10.71% reduction in the anticipated value of the stock, suggesting revisions in market expectations or company performance forecasts.
The new price target and reiterated rating indicate a cautious yet optimistic outlook on AppLovin's (APP, Financial) market trajectory, as Oppenheimer continues to see strong potential growth in the company's prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for AppLovin Corp (APP, Financial) is $477.58 with a high estimate of $650.00 and a low estimate of $200.00. The average target implies an upside of 36.70% from the current price of $349.37. More detailed estimate data can be found on the AppLovin Corp (APP) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, AppLovin Corp's (APP, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AppLovin Corp (APP, Financial) in one year is $89.93, suggesting a downside of 74.26% from the current price of $349.37. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AppLovin Corp (APP) Summary page.
