Goldman Sachs cuts target for AppLovin stock from USD 465 to USD 400
Published on 10/23/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cuts and operating scale
- Goldman Sachs lowered its AppLovin target from USD 465 to USD 400 on October 14, 2026.
- Second-quarter revenue reached USD 1.92 billion in the period ended June 30, 2026.
- AppLovin stock was trading at EUR 235.25 at 11:09 a.m. CEST at Lang & Schwarz on October 23, 2026.
AppLovin Corporation (ISIN US03831W1080) was trading at EUR 235.25 at Lang & Schwarz on October 23, 2026, at 11:09 a.m. CEST. The latest analyst move came from Goldman Sachs, which cut its target from USD 465 to USD 400 on October 14, 2026, according to Futu News.
Target reset meets strong results
The target reduction puts valuation discipline alongside AppLovin's rapid expansion. Goldman Sachs maintained a Hold rating while lowering the target, giving investors a concrete measure of the more cautious view on future growth and advertising execution.
AppLovin reported USD 1.92 billion in revenue for the second quarter of 2026, up 53.00 percent from the same period a year earlier. Net income reached USD 1.27 billion, an increase of 55.00 percent, while diluted earnings per share came to USD 3.76, according to AdTechSumo.
Three dates define the debate
On August 5, 2026, AppLovin reported USD 1.92 billion in second-quarter revenue. On October 7, 2026, the company announced third-quarter results for the period ended September 30, 2026, according to AppLovin. On October 14, 2026, Goldman Sachs lowered its target from USD 465 to USD 400.
What does the target cut signal?
The contrast is measurable: second-quarter revenue grew 53.00 percent, but the Goldman Sachs target fell USD 65.00, or 13.98 percent, from USD 465.00. A separate report said Wedbush expects third-quarter revenue of USD 2.085 billion, matching the top end of AppLovin's own guidance, while modeling adjusted EBITDA of USD 1.74 billion and an 83.50 percent margin, according to Yahoo Finance.
Next results date is set
AppLovin is scheduled to report third-quarter results on November 4, 2026, after the U.S. stock market closes. The company said its management webinar will begin at 5:00 p.m. ET on the same date, according to AppLovin.
Stock price and investor view
The current euro quotation gives the November report added importance because the market will be testing whether the next revenue range and margin outlook support the company's operating scale. The reference price was EUR 235.25 at Lang & Schwarz on October 23, 2026 at 11:09 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of AppLovin stock.
AppLovin stock facts
- Company: AppLovin Corporation
- ISIN: US03831W1080
- Ticker: APP
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 23, 2026, 11:09 a.m. CEST: EUR 235.25
- Sector / Industry: Advertising technology
Market context: Market report S&P 500.
