AppLovin Corporation

The new model improvements boosted AppLovin's gaming ad monetization by nearly +50% YoY, leading to the +55% revenue and +59% adj EBITDA growth in FQ3'26. The asset-light, ad-tech model drives their richer FCF generation, healthier balance sheet, and shareholder returns through share repurchases. Despite the post-earnings rally, APP trades at discounted EV/EBITDA multiples versus peers, with it underscoring the >40% upside potential to my LTPT of $524.40.

Buyers are still stepping in a day after AppLovin (NASDAQ:APP | APP Price Prediction) delivered a strong quarter. AppLovin stock is at $386.05, up 8% in afternoon trading.

AppLovin reported a significant 70.0% revenue increase in 2025 as it pivoted toward high-growth software solutions. Magnite maintains a strong foothold in the connected TV market through strategic partnerships with major media owners.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?