Needham lowers target for AppLovin stock to USD 475 from USD 500

Published on 10/13/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 1.92 billion, up 53.00 percent year over year. AppLovin stock costs EUR 241.63 on October 13, 2026.

Needham lowered its AppLovin target to USD 475 from USD 500 on October 6, 2026 while keeping a Buy rating.
Second-quarter revenue reached USD 1.92 billion, up 53.00 percent year over year, according to AppLovin earnings materials.
AppLovin stock was at EUR 241.63 at Lang & Schwarz on October 13, 2026 at 11:00 a.m. CEST.
AppLovin is scheduled to report third-quarter 2026 results on November 4, 2026.

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Needham lowered its AppLovin target to USD 475 from USD 500 and kept a Buy rating on October 6, 2026, according to Investing.com. The decision gives AppLovin stock a fresh valuation reference while the company heads toward its next quarterly report.

Three events shaped the stock

On August 5, 2026, AppLovin reported second-quarter revenue of USD 1.92 billion, up 53.00 percent year over year, while adjusted EBITDA reached USD 1.61 billion, up 58.00 percent year over year, according to Yahoo Finance.

On October 6, 2026, Needham cited three new quality advertisers and maintained its Buy rating with a USD 475 target, according to Investing.com.

On October 7, 2026, AppLovin announced that it would report third-quarter results for the period ended September 30, 2026, on November 4, 2026, according to Yahoo Finance.

What does the next report add?

Management's third-quarter guidance called for revenue of USD 2.055 billion to USD 2.085 billion, representing 46.00 percent to 48.00 percent year-over-year growth and 7.00 percent to 8.00 percent sequential growth, according to the earnings transcript. Adjusted EBITDA guidance stood at USD 1.71 billion to USD 1.74 billion, with an adjusted EBITDA margin of approximately 83.00 percent.

The guidance sets a demanding comparison for the November report. Second-quarter revenue was USD 1.92 billion, so the lower end of the third-quarter range implies an increase of at least USD 131.31 million. The key operating question is whether consumer advertising and model improvements can sustain the growth rate while training and compute costs rise.

Price and valuation context

AppLovin had a market capitalization of USD 91.0 billion as of October 13, 2026. At that valuation, the second-quarter net income of USD 1.27 billion and revenue growth of 53.00 percent remain central to the earnings story, while the reduced Needham target shows that analyst expectations are not uniform.

AppLovin stock was trading at EUR 241.63 at Lang & Schwarz on October 13, 2026 at 11:00 a.m. CEST. The continuously updated real-time quote of AppLovin stock.