Fintel reports that on January 26, 2026, Needham upgraded their outlook for AppLovin (NasdaqGS:APP) from Hold to Buy.
Analyst Price Forecast Suggests 39.63% Upside
As of January 13, 2026, the average one-year price target for AppLovin is $748.10/share. The forecasts range from a low of $459.55 to a high of $903.00. The average price target represents an increase of 39.63% from its latest reported closing price of $535.78 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AppLovin is 3,317MM, a decrease of 47.41%. The projected annual non-GAAP EPS is 2.45.
What is the Fund Sentiment?
There are 2,269 funds or institutions reporting positions in AppLovin. This is an increase of 84 owner(s) or 3.84% in the last quarter. Average portfolio weight of all funds dedicated to APP is 0.75%, an increase of 12.69%. Total shares owned by institutions increased in the last three months by 14.51% to 270,349K shares. 
The put/call ratio of APP is 0.89, indicating a bullish outlook.
What are Other Shareholders Doing?
Ieq Capital holds 15,780K shares representing 5.13% ownership of the company. In its prior filing, the firm reported owning 55K shares , representing an increase of 99.65%. The firm increased its portfolio allocation in APP by 28,965.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,915K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 7,818K shares , representing an increase of 1.23%. The firm increased its portfolio allocation in APP by 19.35% over the last quarter.
Jpmorgan Chase holds 7,683K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 4,749K shares , representing an increase of 38.19%. The firm increased its portfolio allocation in APP by 204.23% over the last quarter.
Geode Capital Management holds 6,719K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 3,332K shares , representing an increase of 50.41%. The firm increased its portfolio allocation in APP by 276.38% over the last quarter.
Invesco Qqq Trust, Series 1 holds 6,349K shares representing 2.06% ownership of the company. In its prior filing, the firm reported owning 6,369K shares , representing a decrease of 0.32%. The firm increased its portfolio allocation in APP by 10.98% over the last quarter.
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