Fintel reports that on October 14, 2025, RBC Capital initiated coverage of AppLovin (NasdaqGS:APP) with a Outperform recommendation.
Analyst Price Forecast Suggests 0.79% Upside
As of September 29, 2025, the average one-year price target for AppLovin is $594.77/share. The forecasts range from a low of $252.50 to a high of $850.50. The average price target represents an increase of 0.79% from its latest reported closing price of $590.11 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AppLovin is 3,276MM, a decrease of 42.90%. The projected annual non-GAAP EPS is 1.37.
What is the Fund Sentiment?
There are 2,135 funds or institutions reporting positions in AppLovin. This is an increase of 234 owner(s) or 12.31% in the last quarter. Average portfolio weight of all funds dedicated to APP is 0.67%, an increase of 8.43%. Total shares owned by institutions decreased in the last three months by 2.49% to 237,517K shares. 
The put/call ratio of APP is 0.84, indicating a bullish outlook.
What are Other Shareholders Doing?
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.
Baillie Gifford holds 6,400K shares representing 2.08% ownership of the company. In its prior filing, the firm reported owning 5,270K shares , representing an increase of 17.65%. The firm increased its portfolio allocation in APP by 37.31% 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.
Wcm Investment Management holds 5,859K shares representing 1.90% ownership of the company. In its prior filing, the firm reported owning 6,426K shares , representing a decrease of 9.66%. The firm decreased its portfolio allocation in APP by 0.77% over the last quarter.
Price T Rowe Associates holds 5,673K shares representing 1.84% ownership of the company. In its prior filing, the firm reported owning 6,588K shares , representing a decrease of 16.15%. The firm increased its portfolio allocation in APP by 4.58% over the last quarter.
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