Wedbush Cuts AppLovin (APP) Price Target to $560
Wedbush keeps its Outperform rating on AppLovin, setting a price target of $560 amid a challenging market position, a 110.44% upside from the current price.
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Wedbush cut its price target on AppLovin Corporation ($APP) to $560 from $610 on October 14, 2026, and rates the stock "Outperform".
Since the rating, $APP is up 1.5% to date (from the $262.19 close on Oct 14, 2026).
APP
AppLovin Corporation
Key Points
- On October 14, 2026, Wedbush reiterated its Outperform rating on AppLovin Corporation with a price target of $560, down from $610.
- Wedbush's $560 price target implies 110.44% upside from AppLovin Corporation's ($APP) current $266.11 share price.
- The stock trades recently at $266.11, which is about 52.5% below the analyst's target and significantly lower than its 52-week high of $738.01.
- AppLovin has a market cap of approximately $93.8 billion and reported a revenue growth of 52.8% year-over-year.
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Wedbush has maintained its Outperform rating on AppLovin Corporation (NASDAQ: APP) on October 14, 2026, setting a new price target of $560. This is a reduction from the previous target of $610, reflecting the company's current market challenges.
Wedbush vs. the S&P 500
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Other Institutional Activity in AppLovin
Several other institutional investors have also taken positions in AppLovin recently. Blackrock Inc. holds 24,040,619 shares worth about $6.4 billion, having increased its stake by 399,534 shares. Vanguard Capital Management LLC owns 17,744,980 shares valued at approximately $4.7 billion, adding 993,370 shares to its position. FMR, LLC has 17,293,553 shares worth around $4.6 billion after increasing its holdings by 1,602,098 shares. State Street Corporation holds 12,101,830 shares, valued at about $3.2 billion, after a 334,201 share increase. Invesco Ltd. has 10,975,993 shares worth about $2.9 billion, having boosted its stake by 386,516 shares.
AppLovin Corporation Stock Up 1.5%
Recently, AppLovin's shares traded around $266.11 as of October 16, 2026. This price is about 14.1% below the 50-day moving average of $309.84 and 39.4% below the 200-day moving average of $438.97. The stock is currently 63.9% below its 52-week high of $738.01, but it is trading 2.0% above its 52-week low of $260.99.
$APP price target
AppLovin Corporation daily closes and this analyst's $560 target. Not advice.
Recent Earnings
AppLovin reported a trailing twelve-month revenue of approximately $6.83 billion, reflecting a year-over-year growth rate of 52.8%. The company's earnings per share for the same period stood at $13.01. The next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 3.6%. Revenue beat estimates by 3.3%.
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Profit surprise
EBITDA met by 1 percent. Operating income beat by 7 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
4 target raises, 1 target cut.
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Earnings quality
Gross margin up 2.0 points. Operating margin up 5.7 points. Positive free cash flow.
Earnings Call Summary
AppLovin delivered 1.84 billion dollars in revenue, up 59 percent year over year, and beat guidance again. The gaming business remains strong while the consumer vertical is growing faster, with March spending 25 percent higher than January and April setting a record month. Management is excited about opening the platform to the public in June and seeing new game developers adopt ad monetization alongside in-app purchases.
Guidance AppLovin guided for 1.915 to 1.945 billion dollars in second-quarter revenue, up 52 to 55 percent year over year. They expect adjusted EBITDA margin around 84 to 85 percent. Management said the consumer vertical is accelerating fast and the June platform launch to the public will unlock much larger growth.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Insider Buying and Selling at AppLovin Corporation
Recent insider transactions show significant selling by key executives. CEO Arash Adam Foroughi sold 52,165 shares valued at about $25.3 million on June 12, 2026. He also sold another 22,544 shares worth roughly $11.2 million on the same day. Additionally, Director Eduardo Vivas sold 163,910 shares for about $82.6 million on June 16, 2026, while Director Maynard George Webb Jr. sold 3,076 shares valued at approximately $1.6 million on July 6, 2026.
Analysts Set New Price Targets
On October 14, 2026, Wedbush reiterated its Outperform rating for AppLovin with a price target of $560. On the same day, Goldman Sachs maintained a Neutral rating with a target of $400. Earlier, Oppenheimer and Morgan Stanley also maintained their ratings of Outperform and Overweight, respectively, with targets of $490 and $400. The consensus mean price target from analysts is approximately $480.08, with 31 opinions suggesting a buy recommendation.
About AppLovin
AppLovin Corporation, headquartered in Palo Alto, CA, provides artificial intelligence-driven advertising solutions for businesses worldwide. It operates through two segments: Advertising and Apps. The company's innovative technology helps businesses enhance their advertising strategies, making it a key player in the advertising industry.
Bottom Line
Investors should keep an eye on AppLovin's upcoming earnings report on November 4, 2026, and how analysts adjust their ratings and targets in response to market shifts. With its current trading position, the company faces challenges in meeting analyst expectations, particularly given its significant gap from the recent price targets.
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Source: Wedbush's rating change on $APP (Oct 14, 2026). Written by software, not financial advice. How we make alerts