Overview
- Deutsche Bank initiated AppLovin with a Buy rating and a $705 price target, highlighting best‑in‑class AI ad technology and large‑scale reach.
- Goldman Sachs raised its price target to $630 while keeping a Neutral rating, projecting sustained ad revenue growth from core mobile gaming.
- For Q3 2025, the company guides to $1.320–$1.340 billion in revenue and $1.070–$1.090 billion in adjusted EBITDA, implying an 81% margin.
- S&P Global Ratings expects AppLovin’s adjusted net leverage to remain under 1x over the next 24 months.
- Investor’s Business Daily reports top funds bought roughly $700 million of shares as the stock holds near highs ahead of Nov. 5 earnings.