Goldman Sachs cuts target for AppLovin stock to USD 400

Published on 10/19/2026 at 10:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 1.92 billion, up 53 percent year over year. AppLovin stock costs EUR 240.63 on October 19, 2026 before November 4 results.

Analysts reset valuation expectations

Goldman Sachs reduced its AppLovin target to USD 400 on October 14, 2026.
Second-quarter revenue reached USD 1.92 billion, up 53 percent year over year.
AppLovin stock traded at EUR 240.63 at 10:09 a.m. CEST at Lang & Schwarz on October 19, 2026.
AppLovin will report third-quarter results on November 4, 2026.

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AppLovin Corp. (ISIN US03831W1080) was trading at EUR 240.63 at Lang & Schwarz on October 19, 2026 at 10:09 a.m. CEST. Goldman Sachs lowered its AppLovin target from USD 465 to USD 400 on October 14, 2026, while keeping a Neutral rating, as Business Insider reported.

Targets reset on October 14

The Goldman decision followed another target reduction from Wedbush, which cut its target from USD 610 to USD 560 while maintaining an Outperform rating on October 14, 2026, according to Business Insider. The two revisions point to a more cautious valuation debate even though the operating figures remain elevated.

What does Q2 growth mean?

AppLovin reported USD 1.92 billion of revenue for the second quarter of 2026, up 53 percent from the same quarter a year earlier. Net income rose 55 percent to USD 1.27 billion in that period, according to Note. The company also guided for third-quarter revenue of USD 2.055 billion to USD 2.085 billion, representing year-over-year growth of 46 percent to 48 percent, as reported in an Yahoo Finance transcript.

Three dates frame the story

On October 7, 2026, AppLovin announced that it would report third-quarter results on November 4, 2026, after the U.S. market close, according to AppLovin. On October 14, 2026, Goldman Sachs reduced its target to USD 400. On the same date, Wedbush reduced its target to USD 560. The sequence puts the November report at the center of the next valuation test.

Next reporting date is November 4

AppLovin is scheduled to release third-quarter 2026 results on November 4, 2026, after the U.S. market close. Management will host a webinar at 5:00 p.m. ET, according to the company announcement. Revenue growth and the pace of monetization will be the key figures for investors comparing the report with the USD 2.055 billion to USD 2.085 billion outlook.

Euro quote after 10:00 a.m.

For German investors, the euro indication puts the stock at EUR 240.63 at Lang & Schwarz on October 19, 2026 at 10:09 a.m. CEST. The primary listing is on Nasdaq under the ticker APP, where the company combines mobile advertising software with analytics and in-app bidding products. The updated analyst targets and the November reporting date give the current quote a concrete valuation and earnings context. The further course of trading is shown by the continuously updated real-time quote of AppLovin stock.