AppLovin stock: Wedbush target cut keeps November results in focus

What has changed since the last report: AppLovin stock moved from 235.25 euros at Lang & Schwarz on Tuesday, October 27, to 210.15 euros at 4:00 p.m. CEST on Friday, October 30, a decline of 10.67 percent. The comparison uses the latest quote in the October 27 report and the new Lang & Schwarz quote.

Wedbush lowered its AppLovin price target from USD 610 to USD 560 on October 14 while retaining an Outperform rating. MarketScreener listed the target reduction among the latest analyst actions for the company.

November earnings set the next test

AppLovin will report third-quarter results for the period ended September 30, 2026, after the US market close on Wednesday, November 4. The company has scheduled a management webinar for 5:00 p.m. Eastern Time. The earnings date was announced in a company release carried by MarketScreener.

Second-quarter revenue reached USD 1.92 billion for the period ended June 30, up 53 percent year over year. Adjusted EBITDA rose 58 percent to USD 1.61 billion. Management guided third-quarter revenue to USD 2.055 billion to USD 2.085 billion and adjusted EBITDA to USD 1.71 billion to USD 1.74 billion, implying an adjusted EBITDA margin of about 83 percent.

For investors, the November release will show whether advertising growth and monetization can support the valuation debate after several Wall Street target reductions. Wedbush's revised target remains above its latest cited Nasdaq quotation, but the lower benchmark signals a more cautious valuation framework despite continued operating growth.

AppLovin stock traded at 210.15 euros on Lang & Schwarz at 4:00 p.m. CEST on Friday, October 30, 2026. The real-time quote of AppLovin stock remains available for ongoing monitoring.

US technology shares are primarily tracked against the S&P 500 market backdrop.

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