Wedbush cuts target for AppLovin stock from USD 610 to USD 560

Published on 10/27/2026 at 16:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due November 4, 2026 after the US close, with revenue the next test. AppLovin stock costs EUR 235.25 on October 27, 2026.

Wedbush target and results date

Wedbush cut its AppLovin target from USD 610.00 to USD 560.00 on October 14, 2026.
AppLovin will report third-quarter results on November 4, 2026.
AppLovin stock costs EUR 235.25 at Lang & Schwarz on October 27, 2026 at 4:10 p.m. CEST.

AppLovin Corp., US03831W1080, Illustration mit AI erstellt.

Wedbush cut its price target for AppLovin from USD 610.00 to USD 560.00 on October 14, 2026, while maintaining an Outperform rating, according to MarketScreener. AppLovin stock was trading at EUR 235.25 at Lang & Schwarz on October 27, 2026 at 4:10 p.m. CEST.

Revenue growth faces a new test

AppLovin will report results for the third quarter ended September 30, 2026, on November 4, 2026 after the US market close. The company will also hold a webcast at 5:00 p.m. ET, as reported by MarketScreener.

That report will follow second-quarter revenue of USD 1.92 billion for the period ended June 30, 2026. Revenue increased 53.00 percent from the prior-year quarter, while adjusted EBITDA rose 58.00 percent to USD 1.61 billion, according to Yahoo Finance.

What will the next report measure?

Management guided third-quarter revenue to USD 2.055 billion to USD 2.085 billion, representing 46.00 percent to 48.00 percent year-over-year growth. Adjusted EBITDA guidance stood at USD 1.71 billion to USD 1.74 billion, with an adjusted EBITDA margin of approximately 83.00 percent.

The second-quarter comparison also showed USD 863.00 million in free cash flow and USD 3.05 billion of cash against USD 3.70 billion of total debt. For investors, the next report will therefore put both revenue delivery and the cost of expanding the advertising models under scrutiny.

Nasdaq valuation remains the frame

AppLovin's Nasdaq quote was USD 262.31 on October 27, 2026 at 11:20 a.m. ET, with a market capitalization of USD 88.1 billion and a trailing P/E ratio of 20.15. The same quote showed a 52-week range of USD 255.46 to USD 738.01. Its 52-week low was USD 6.85 below the latest quote, while the high was USD 475.70 above it.

The company operates a software platform for mobile advertising, app monetization and marketing analytics. Its second-quarter operating profit reached USD 1.49 billion, compared with USD 1.44 billion in the first quarter of 2026, while net income attributable to common shareholders rose from USD 1.21 billion to USD 1.27 billion over the same periods.

Target cuts raise the valuation question

Wedbush's USD 560.00 target remains above the Nasdaq quote of USD 262.31, but the reduction from USD 610.00 shows that the firm's assessment changed even while the company continued to report rapid growth. The next earnings release will provide the next dated comparison for revenue, adjusted EBITDA and cash generation.

Stock price and reporting date

AppLovin stock was trading at EUR 235.25 at Lang & Schwarz on October 27, 2026 at 4:10 p.m. CEST. The Nasdaq quote was USD 262.31 on October 27, 2026 at 11:20 a.m. ET. The further course of trading is shown by the continuously updated real-time quote of AppLovin stock.