AppLovin stock: Citi cuts target for AppLovin stock to USD 500 from USD 600

Published on 10/20/2026 at 15:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results arrive November 4, 2026 after the close. AppLovin stock costs EUR 238.60 on October 20, 2026 at 3:36 p.m. CEST during trading.

Analyst target and results date

Citi cut AppLovin's target from USD 600 to USD 500 on October 19, 2026.
The Nasdaq quote was USD 269.31 at 9:47 a.m. ET on October 20, 2026, putting the target 85.65 percent above the price.
AppLovin stock costs EUR 238.60 at Lang & Schwarz on October 20, 2026 at 3:36 p.m. CEST.
AppLovin will report third-quarter results on November 4, 2026.

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AppLovin Corp. (ISIN US03831W1080) received a lower USD 500 price target from Citi, down from USD 600, in a note dated October 19, 2026. According to Markets Insider, Citi kept a Buy rating and cited higher interest rates, execution risks and ongoing Unity litigation. At Lang & Schwarz, AppLovin traded at EUR 238.60 on October 20, 2026 at 3:36 p.m. CEST.

Results are due November 4

AppLovin will report third-quarter results for the period ended September 30, 2026 after the U.S. market closes on November 4, 2026. The company also scheduled a webinar for 5:00 p.m. ET that day, according to AppLovin in its October 7, 2026 release.

Target remains above the Nasdaq quote

The latest Nasdaq quote was USD 269.31 at 9:47 a.m. ET on October 20, 2026 during the open session. Citi's USD 500 target therefore stood 85.65 percent above that price, calculated in the same currency.

AppLovin's market capitalization was USD 90.5 billion on October 20, 2026. The stock's 52-week range was USD 260.59 to USD 738.01, while trading volume stood at 175,477 shares at the quoted time. The current Nasdaq price was 3.35 percent above the 52-week low.

Valuation and business exposure

AppLovin had a price-earnings ratio of 20.68 and no trailing dividend yield on October 20, 2026. Its software platform helps businesses advertise to mobile audiences, with products covering app marketing, analytics and in-app bidding.

The valuation discussion now sits beside a near-term reporting date and a series of target reductions. Goldman Sachs cut its target from USD 465 to USD 400 on October 14, 2026 and kept a Neutral rating, according to Markets Insider. Wedbush had cut its target from USD 610 to USD 560 on October 14, 2026 while keeping Outperform, according to Markets Insider.

What the target means for valuation

Citi's target is a forward-looking analyst assessment rather than a company forecast. Its 85.65 percent premium to the Nasdaq quote gives investors a clear numerical measure of the gap between the current market price and the latest cited target.

The stock was last at EUR 238.60 at Lang & Schwarz on October 20, 2026 at 3:36 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of AppLovin stock.