Wedbush cuts AppLovin target to USD 560 for AppLovin stock

Published on 10/20/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AppLovin stock costs EUR 238.78 on October 20, 2026. Revenue in the second quarter rose 53.00 percent to USD 1.92 billion from USD 1.26 billion.

Growth and target reset

Wedbush lowered its AppLovin target from USD 610 to USD 560 on October 14, 2026.
Revenue in the second quarter rose 53.00 percent to USD 1.92 billion.
AppLovin stock traded at EUR 238.78 at 11:13 a.m. CEST at Lang & Schwarz on October 20, 2026.

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AppLovin Corp. (ISIN US03831W1080) stock was trading at EUR 238.78 at Lang & Schwarz on October 20, 2026 at 11:13 a.m. CEST. On October 14, 2026, Wedbush cut its AppLovin target from USD 610 to USD 560 while retaining its Outperform rating, according to Yahoo Finance.

Target cuts widen the debate

The lower target comes despite rapid operating growth. Revenue reached USD 1.92 billion in the second quarter of 2026, up 53.00 percent from USD 1.26 billion in the second quarter of 2025, while diluted earnings per share stood at USD 3.76. These figures were reported by Yahoo Finance.

The analyst reset followed an earlier reduction by Oppenheimer. On October 12, 2026, Oppenheimer lowered its target from USD 560 to USD 490, according to Yahoo Finance. The sequence puts greater weight on whether AppLovin can convert its advertising-model upgrades into sustained demand.

What does the next quarter mean?

Management guided for third-quarter 2026 revenue of USD 2.055 billion to USD 2.085 billion, representing growth of 46.00 percent to 48.00 percent from the prior-year quarter. Adjusted EBITDA guidance was USD 1.71 billion to USD 1.74 billion, giving investors a clear test for both growth and operating leverage, as reported by Yahoo Finance.

Three steps to November

AppLovin reported USD 1.92 billion of revenue on August 5, 2026; Oppenheimer cut its target to USD 490 from USD 560 on October 12, 2026; and Wedbush reduced its target to USD 560 from USD 610 on October 14, 2026. The three dated events show a widening gap between strong reported growth and more cautious valuation assumptions, with the figures reported by Yahoo Finance.

Dates for the next test

The next two scheduled milestones are November 4, 2026, for third-quarter results, and February 17, 2027, for fiscal-year results. AppLovin's November report will cover the quarter ended September 30, 2026, and the company will host a 5:00 p.m. ET webinar that day, according to AppLovin.

Price holds the market lens

AppLovin's current euro quotation keeps the valuation debate tied to the November operating update. The key evidence will be whether revenue reaches the USD 2.055 billion to USD 2.085 billion guidance range while adjusted EBITDA remains within the stated USD 1.71 billion to USD 1.74 billion range.

AppLovin was trading at EUR 238.78 at Lang & Schwarz on October 20, 2026 at 11:13 a.m. CEST.

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