Movement Alert｜AppLovin Corporation Falls 4.75% in Pre-Market Trading, Price Targets Cut Ahead of November 4 Earnings

Market Focus10-30 18:29

On October 30, AppLovin Corporation fell 4.75% in Pre-Market Trading, trading at $242.8 per share, with turnover of $5.76 million.

The move coincided with a fresh pre-earnings reset in sell-side expectations, as multiple institutions recently lowered their price targets while maintaining an overall constructive stance on the stock.

Into the November 4 post-market earnings release, consensus points to quarterly revenue of about $2.078 billion, up 54.89% year over year, and adjusted EPS of about $4.04. Recent target cuts included RBC to $500 from $575, Macquarie to $460 from $620, Morgan Stanley to $400 from $450, and BofA to $325 from $400, signaling a more cautious valuation framework even as the broader analyst rating profile remains skewed to buy.

(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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