$APP

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AppLovin (APP) stock has dropped 55.6% over the past year. The company is expanding into web ads for e-commerce, but faces low brand awareness. Revenue growth has slowed, with Q3 2026 guidance at $2.06B-$2.09B. Management plans to grow web ads in non-gaming apps, then open web and connected TV. The stock trades at 20.0x P/E, lower than the S&P 500's 22.7x. Investors await Q3 results for web ad revenue details.

AppLovin (NASDAQ:APP) stock fell 2% premarket as analysts cut price targets and legal challenges mounted. Goldman Sachs lowered its target to $400, while Wedbush and Morgan Stanley also reduced targets but maintained bullish ratings. The company faces lawsuits over AI claims and child advertising practices, with revenue missing estimates due to AI tool delays. Shares hit a 52-week low of $257.80.

AppLovin's stock fell 2.25% to $262.19 on October 14, a new 52-week low. Class-action firms are recruiting shareholders to sue the company. The stock previously traded near $721. Legal uncertainty may weigh on the stock for months.

Wedbush Securities expects AppLovin (APP) to report Q3 revenue of $2.085B, matching the high end of guidance, with adjusted EBITDA of $1.74B. The firm sees steady advertiser spend and potential e-commerce growth, viewing creative constraints as surmountable. APP reports earnings on November 4, with Wedbush forecasting Q4 revenue of $2.252B and 2027 revenue of $10.144B.

Goldman Sachs maintained a Neutral rating for AppLovin (APP) but lowered its price target from $465 to $400, citing cautious market dynamics. AppLovin's stock is currently trading at $263.09, which GuruFocus estimates is 56.5% undervalued compared to its GF Value™ of $604.21. The company has a GF Score™ of 83/100, indicating strong overall performance, particularly in growth and profitability.

Unity Software (U) fell 10% despite Wedbush raising its price target, citing Vector's traction. Q2 revenue rose 23.9% to $546.47M, beating estimates. AppLovin (APP) and The Trade Desk (TTD) also declined 3% and 2%, respectively, reflecting ad-tech pressure. Unity's Q3 outlook targets $540M-$550M revenue and GAAP profitability.

Wedbush reduced its price target for AppLovin to $560 from $610, while maintaining an outperform rating. Goldman Sachs also lowered its target to $400 from $465. AppLovin's stock has seen a 59.59% decline year-to-date.

AppLovin (APP) was downgraded to Hold due to stalled growth, valuation compression, and execution risks. The company faces challenges in mobile gaming, ads, and e-commerce, with legal uncertainties and platform reliance adding to risks. Trading at 14.6x forward earnings, further valuation squeeze is possible if outlook disappoints or competition intensifies.

AppLovin (APP) shares fell 56% in the past year. Oppenheimer cut its price target to $490, maintaining an Outperform rating, implying 80% upside. Q2 revenue rose 53% to $1.92B, but gaming ad models underperformed. The company lost a court case against Unity and faces a securities class action. Analysts expect earnings growth, but estimates for 2027 have declined. Q3 revenue is guided at $2.06B-$2.09B.