AppLovin stock: Oppenheimer cuts AppLovin stock target from USD 560.00 to USD 490.00
Published on 10/19/2026 at 15:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and valuation
- Oppenheimer cut its AppLovin target from USD 560.00 to USD 490.00 on October 12, 2026.
- AppLovin's market capitalization was USD 89.4 billion on October 16, 2026.
- AppLovin stock costs EUR 239.73 at Lang & Schwarz on October 19, 2026 at 3:10 p.m. CEST.
- AppLovin traded at a P/E ratio of 20.46 on October 16, 2026.
Oppenheimer cut its AppLovin target from USD 560.00 to USD 490.00 on October 12, 2026, according to Yahoo Finance. At USD 266.13 on October 16, 2026, the revised target stood 84.17 percent above the latest home-market quote. AppLovin was trading at EUR 239.73 at Lang & Schwarz on October 19, 2026 at 3:10 p.m. CEST.
Target cuts reshape valuation
The Oppenheimer change followed several reductions across Wall Street during October. The USD 490.00 target remains materially above the USD 266.13 Nasdaq price used for the comparison, while the target itself is lower than the earlier USD 560.00 level. That combination gives investors two separate signals: the valuation benchmark has fallen, but the remaining gap is still large.
Stock range remains wide
AppLovin's latest home-market quote stood at USD 266.13 on October 16, 2026, with a 52-week range of USD 260.59 to USD 738.01. The stock therefore sat USD 5.54 above its 52-week low and USD 471.88 below its high. Its market capitalization was USD 89.4 billion, and the price-to-earnings ratio was 20.46 on that date.
Advertising platform drives the business
AppLovin describes its platform as a way for consumer brands and gaming apps to reach mobile-game audiences. Its website says more than 1 billion people play mobile games each day and presents fullscreen and rewarded advertising as core formats, according to AppLovin. The model links advertising demand to the performance of mobile applications rather than to a single game publisher.
Comparison with peers
AppLovin Corp.: P/E 20.46, market capitalization USD 89.4 billion
Meta Platforms (Nasdaq, USD): minus 3.72 percent, P/E 26.73, market capitalization USD 1.8 trillion
Take-Two Interactive Software (Nasdaq, USD): minus 1.96 percent, P/E minus 118.66, market capitalization USD 38.4 billion
Price and investor reference points
The current euro quote gives German investors a direct trading reference, while the USD figures show how the US listing is valued. Bid and ask levels at Lang & Schwarz were EUR 239.00 and EUR 240.45 on October 19, 2026 at 3:10 p.m. CEST. The next corporate milestone listed by AppLovin is its third-quarter results release on November 4, 2026 after the US market closes, with a webinar scheduled for 5:00 p.m. ET, according to Business Wire.
Euro quote at Lang and Schwarz
AppLovin was trading at EUR 239.73 at Lang & Schwarz on October 19, 2026 at 3:10 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of AppLovin stock.
AppLovin Corp. stock data
- Company: AppLovin Corporation
- ISIN: US03831W1080
- Ticker: APP
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 19, 2026, 3:10 p.m. CEST): EUR 239.73
- Market capitalization: USD 89.4 billion (as of October 16, 2026)
- 52-week range: USD 260.59-738.01 (as of October 16, 2026)
- P/E ratio: 20.46 (as of October 16, 2026)
Market context: Market report S&P 500.
