Oppenheimer cuts target for AppLovin stock to USD 490
Published on 10/14/2026 at 11:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Oppenheimer set a USD 490 target on October 12, 2026, down from USD 560.
- Second-quarter revenue reached USD 1.92 billion on June 30, 2026, up 53.00 percent year over year.
- AppLovin stock trades at EUR 243.60 at 11:32 a.m. CEST at Lang & Schwarz on October 14, 2026.
Oppenheimer cut its AppLovin target to USD 490 from USD 560 on October 12, 2026, while keeping an Outperform rating, according to Markets Insider. AppLovin stock was trading at EUR 243.60 at Lang & Schwarz on October 14, 2026 at 11:32 a.m. CEST.
Three dated valuation signals
On June 30, 2026, AppLovin reported second-quarter revenue of USD 1.92 billion, up 53.00 percent from a year earlier, but below the USD 1.94 billion analyst expectation cited by Yahoo Finance. The comparison matters because the latest target reduction followed a quarter with rapid growth but a shortfall against expectations.
On October 7, 2026, AppLovin announced that it would report third-quarter results for the period ended September 30, 2026, on November 4, 2026 after the US market close, according to AppLovin. The company scheduled a 5:00 p.m. ET webinar for the same date.
What does the target cut imply?
The USD 490 target is still above the USD 271.23 share price cited by Yahoo Finance on October 12, 2026, but the revision from USD 560 reduces the projected valuation case by USD 70. The same report said Oppenheimer's target was 81.00 percent above that share price and that the consensus target stood at USD 488.
Results arrive November 4
The next reported milestone is November 4, 2026, when AppLovin is scheduled to publish third-quarter results after the US market close. MarketBeat lists consensus earnings of USD 4.04 per share and revenue of USD 2.08 billion for the quarter, compared with USD 2.45 per share and USD 1.41 billion in the year-earlier quarter, according to MarketBeat. Those estimates set a concrete test for whether the second-quarter shortfall was temporary.
AppLovin stock and its current quote
AppLovin stock was trading at EUR 243.60 at Lang & Schwarz on October 14, 2026 at 11:32 a.m. CEST. The company has a market capitalization of USD 91.5 billion as of October 13, 2026, while Nasdaq is its primary exchange and APP is its ticker.
The further course of trading is shown by the continuously updated real-time quote of AppLovin stock.
AppLovin stock key facts
- Company: AppLovin Corporation
- ISIN: US03831W1080
- Ticker: APP
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 14, 2026, 11:32 a.m. CEST): EUR 243.60
- Market capitalization: USD 91.5 billion (as of October 13, 2026)
- Index membership: Nasdaq 100 and S&P 500
- Next earnings date: November 4, 2026
Market context: Market report Nasdaq Composite.
