AppLovin Analysts Cut Their Forecasts Following Q2 Earnings

Benzinga Earnings

Aug 06

AppLovin Corp (NASDAQ:APP) on Wednesday posted mixed financial results for the second quarter.

AppLovin reported second-quarter revenue of $1.924 billion, missing analyst estimates of $1.935 billion, according to Benzinga Pro. The advertising technology company reported earnings of $3.76 per share for the quarter, beating estimates of $3.67 per share.

AppLovin expects third-quarter revenue to be in the range of $2.055 billion to $2.085 billion, versus estimates of $2.068 billion. The company anticipates third-quarter adjusted EBITDA of $1.71 billion to $1.74 billion.

AppLovin shares fell 19.1% to $338.00 in pre-market trading.

These analysts made changes to their price targets on AppLovin following earnings announcement.

BTIG analyst Clark Lampen maintained the stock with a Buy and lowered the price target from $640 to $574.
B of A Securities analyst Omar Dessouky maintained the stock with a Buy and lowered the price target from $705 to $430.
Wells Fargo analyst Alec Brondolo downgraded the stock from Overweight to Equal-Weight and slashed the price target from $575 to $357.
Needham analyst Bernie McTernan maintained the stock with a Buy and cut the price target from $700 to $500.

Considering buying APP stock? Here’s what analysts think:

Photo via Shutterstock

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The advertising technology company reported earnings of $3.76 per share for the quarter, beating estimates of $3.67 per share.</p>\n<p>AppLovin expects third-quarter revenue to be in the range of $2.055 billion to $2.085 billion, versus estimates of $2.068 billion. 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The advertising technology company reported earnings of $3.76 per share for the quarter, beating estimates of $3.67 per share.</p>\n<p>AppLovin expects third-quarter revenue to be in the range of $2.055 billion to $2.085 billion, versus estimates of $2.068 billion. The company anticipates third-quarter adjusted EBITDA of $1.71 billion to $1.74 billion.</p>\n<p>AppLovin shares fell 19.1% to $338.00 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on AppLovin following earnings announcement.</p>\n<ul>\n<li>BTIG analyst Clark Lampen maintained the stock with a Buy and lowered the price target from $640 to $574.</li>\n<li>B of A Securities analyst Omar Dessouky maintained the stock with a Buy and lowered the price target from $705 to $430.</li>\n<li><a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> analyst Alec Brondolo downgraded the stock from Overweight to Equal-Weight and slashed the price target from $575 to $357.</li>\n<li>Needham analyst Bernie McTernan maintained the stock with a Buy and cut the price target from $700 to $500.</li>\n</ul>\n<p><strong>Considering buying APP stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"298\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073238/image-162-1024x298.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073238/image-162-1024x298.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073238/image-162-300x87.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073238/image-162-768x223.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073238/image-162.png 1170w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2360106780.USD","symbol_name":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/08/60989494/applovin-analysts-cut-their-forecasts-following-q2-earnings","article_id":"2657353366","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657353366","pubTimestamp":1786016056,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"AppLovin (NASDAQ:APP) reported mixed Q2 results, with revenue below estimates and earnings beating expectations. 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The advertising technology company reported earnings of $3.76 per share for the quarter, beating estimates of $3.67 per share.\nAppLovin expects third-quarter revenue to be in the range of $2.055 billion to $2.085 billion, versus estimates of $2.068 billion. The company anticipates third-quarter adjusted EBITDA of $1.71 billion to $1.74 billion.\nAppLovin shares fell 19.1% to $338.00 in pre-market trading.\nThese analysts made changes to their price targets on AppLovin following earnings announcement.\n\nBTIG analyst Clark Lampen maintained the stock with a Buy and lowered the price target from $640 to $574.\nB of A Securities analyst Omar Dessouky maintained the stock with a Buy and lowered the price target from $705 to $430.\nWells Fargo analyst Alec Brondolo downgraded the stock from Overweight to Equal-Weight and slashed the price target from $575 to $357.\nNeedham analyst Bernie McTernan maintained the stock with a Buy and cut the price target from $700 to $500.\n\nConsidering buying APP stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}