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Investing.com - Citi has reduced its price target on AppLovin Corp (NASDAQ:APP) to $820.00 from $850.00 while maintaining a Buy rating on the stock. AppLovin shares currently trade at $594.91, with the company commanding a substantial market cap of $201 billion.
The adjustment represents a $30 decrease from the investment bank’s previous valuation target for the mobile technology company. Despite this reduction, Citi’s target remains well above the analyst consensus, with price targets ranging from $394 to $860, according to InvestingPro data.
Citi analyst Jason Bazinet made the price target revision in a research note issued to investors on Wednesday.
Despite the lower price objective, Citi’s maintained Buy rating suggests the firm remains positive on AppLovin’s overall outlook.
AppLovin provides software solutions for mobile app developers to grow their businesses through marketing, monetization, and analytics tools.
In other recent news, AppLovin Corp reported impressive third-quarter 2025 financial results, with revenue increasing by 68% year-over-year to $1.405 billion, surpassing consensus estimates by 4.7%. The company’s adjusted EBITDA also saw a significant rise of 79% year-over-year, reaching $1.158 billion and beating consensus by 6.0%. Following these results, several analyst firms have adjusted their price targets for AppLovin. Benchmark raised its target to $700, RBC Capital increased it to $750, Piper Sandler moved it to $800, and UBS set a new target of $840, all while maintaining positive ratings on the stock. UBS also revised its fiscal year 2026 EBITDA estimate upward by 3.4% to $6.48 billion, citing potential growth in gaming estimates and improved EBITDA margins. Piper Sandler noted strong forward guidance, projecting 12-14% quarter-over-quarter growth or 57-60% year-over-year growth. Meanwhile, Needham maintained a Hold rating, highlighting the company’s success in enhancing its advertising model, which boosted core mobile gaming advertising revenue. These developments underscore AppLovin’s robust performance and positive outlook in the industry.
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