Movement Alert｜AppLovin Corporation Falls 4.93% in Regular Trading, Price Targets Cut Ahead of Earnings

Market Focus10-30 21:30

On October 30, AppLovin Corporation fell 4.93% in Regular Trading, trading at $240.18, with turnover of $65.19 million.

The move coincided with a fresh round of target price cuts ahead of the company’s November 4 earnings release, with investors turning more cautious on growth expectations and valuation.

Recent analyst actions showed RBC lowering its target to $500 from $575, Macquarie to $460 from $620, Morgan Stanley to $400 from $450, BofA to $325 from $400, and Jefferies to $375 from $550, even as overall Street ratings remained broadly positive. Current consensus expects quarterly revenue of about $2.078 billion, up 54.89% year over year, and adjusted EPS of about $4.04, while the prior company guidance high end implied roughly $2.09 billion in revenue.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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