Wedbush cuts AppLovin target to USD 560 from USD 610 for AppLovin stock

Published on 10/21/2026 at 11:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 1.92 billion, up 53.00 percent in the second quarter of 2026. AppLovin stock costs EUR 242.93 on October 21, 2026.

Target changes and earnings dates

Wedbush lowered its AppLovin target from USD 610 to USD 560 on October 14, 2026.
Second-quarter revenue reached USD 1.92 billion, up 53.00 percent year over year.
AppLovin stock trades at EUR 242.93 at 10:51 a.m. CEST at Lang & Schwarz on October 21, 2026.
Third-quarter results and the management webinar are scheduled for November 4, 2026.

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AppLovin Corp. (ISIN US03831W1080) stock is trading at EUR 242.93 at Lang & Schwarz on October 21, 2026 at 10:51 a.m. CEST. Wedbush cut its AppLovin target from USD 610 to USD 560 on October 14, 2026, according to Yahoo Finance.

Target cuts test the valuation

The lower target leaves Wedbush at an Outperform view while reducing its valuation benchmark by USD 50.00. Yahoo Finance also reported that Oppenheimer cut its target to USD 490.00 from USD 560.00 on October 12, 2026, while Bank of America reduced its target to USD 325.00 from USD 400.00 on October 9, 2026.

For investors, the debate is not whether AppLovin is still growing, but whether its advertising platform can sustain its exceptional profitability. The company had a USD 91.5 billion market capitalization on October 20, 2026, while its Nasdaq stock was last at USD 272.46 at 4:00 p.m. ET that day.

Three dated milestones for AppLovin

On August 5, 2026, AppLovin reported second-quarter revenue of USD 1.92 billion, a 53.00 percent year-over-year increase, according to Yahoo Finance. On October 7, 2026, the company announced its third-quarter reporting date. On October 14, 2026, Wedbush lowered its target from USD 610.00 to USD 560.00.

What dates matter next?

AppLovin will report third-quarter results for the period ended September 30, 2026, on November 4, 2026, after the U.S. market close. The company also scheduled a management webinar for 5:00 p.m. ET that day, according to AppLovin.

Growth remains the central test

Second-quarter adjusted EBITDA reached USD 1.61 billion, up 58.00 percent year over year, while management guided third-quarter revenue to USD 2.055 billion to USD 2.085 billion. That forecast puts the next report at the center of the valuation discussion because it must show whether the model update can support continued growth at an adjusted EBITDA margin of approximately 83.00 percent. The stock was trading at EUR 242.93 at Lang & Schwarz on October 21, 2026 at 10:51 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of AppLovin stock.