Macquarie cuts target for AppLovin stock to USD 460 from USD 620

Published on 10/27/2026 at 11:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 52.8 percent to USD 1.92 billion. AppLovin stock was EUR 233.25 on October 27, 2026 before November 4 results.

Targets and reporting dates

Macquarie cut its AppLovin target to USD 460 on October 26, 2026.
Second-quarter revenue rose 52.8 percent year over year to USD 1.92 billion.
AppLovin stock was trading at EUR 233.25 at 11:33 a.m. CET at Lang & Schwarz on October 27, 2026.
Third-quarter results are scheduled for November 4, 2026.

AppLovin Corp., US03831W1080, Illustration mit AI erstellt.

AppLovin Corp. (ISIN US03831W1080) was trading at EUR 233.25 at Lang & Schwarz at 11:33 a.m. CET on October 27, 2026. The latest analyst move came from Macquarie, which cut its price target from USD 620 to USD 460 on October 26, 2026, as reported by FUTU.

Target cut sets the tone

The reduced target adds to a string of lower estimates after AppLovin's second-quarter revenue came in below consensus. The company reported USD 1.92 billion of revenue for the second quarter of 2026, up 52.8 percent from the prior-year quarter, while net income reached USD 1.27 billion, according to Yahoo Finance. Consensus revenue was USD 1.94 billion, leaving a USD 20 million shortfall.

What does November 4 test?

The next report will show whether the advertising platform can sustain its growth after the second-quarter miss. AppLovin guided third-quarter revenue to USD 2.055 billion to USD 2.085 billion and adjusted EBITDA to USD 1.710 billion to USD 1.740 billion, figures cited by Yahoo Finance.

Three dates frame the stock

AppLovin's recent chronology has three measurable points. On June 30, 2026, second-quarter revenue was USD 1.92 billion, according to Yahoo Finance. On August 5, 2026, adjusted earnings per share were USD 3.76, matching consensus. On October 26, 2026, Macquarie lowered its target from USD 620 to USD 460, according to FUTU.

The next two dated events are the third-quarter results on November 4, 2026, after the U.S. market close, listed by MarketScreener, and the November 16, 2026 deadline for lead-plaintiff applications in a securities lawsuit, reported by Morningstar.

Stock stays tied to execution

For investors, the key tension is clear: second-quarter revenue grew 52.8 percent, but the USD 20 million consensus shortfall and successive target cuts have raised the bar for the next update. The November report will provide the next quantified test of the USD 2.055 billion to USD 2.085 billion revenue outlook. The stock was trading at EUR 233.25 at Lang & Schwarz on October 27, 2026 at 11:33 a.m. CET.

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