APP Stock Price Predictions: Is AppLovin Really Worth $50?


  • Applovin (APP) stock is rising alongside an upgrade from Jefferies.
  • That has it bumping shares up to a “buy” rating.
  • It also comes with an increased $50 per share price target.
APP Stock - APP Stock Price Predictions: Is AppLovin Really Worth $50?


Applovin (NASDAQ:APP) stock is in the news Tuesday after the stock got a new price target from Jefferies analyst Andrew Uerkwitz.

The new price prediction for APP stock has Uerkwitz boosting it from $20 per share to $50 per share. That represents a potential upside of 28% over the next year. It’s also a bullish price target compared to the analysts’ consensus of $39.88 per share.

To go along with that new price target, the Jefferies analyst also upgraded APP stock from a “hold” rating to a “buy” rating. To put that in perspective, the analysts’ consensus rating for APP stock shares is “moderate buy” based on 17 opinions.

What’s Behind the APP Stock Upgrade?

Here’s what Uerkwitz had to say about Applovin in a note to clients obtained by CNBC:

“Investors should have more confidence in sustainable growth (despite a weak mobile market), continued share shift, optionality on adjacent markets, and reasonable valuation. It’s better late than never, in our view, despite the extreme positive performance for AppLovin, +263% vs. NASDAQ’s +27%.”

As far as stock movement goes, APP isn’t seeing much trading today, with only about 455,000 shares on the move as of this writing. For the record, its daily average trading volume is around 2.7 million shares.

APP stock is up 1.4% as of Tuesday morning and is up 268.6% since the start of the year.

Investors seeking out even more of the most recent stock market news will want to stick around!

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

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