By Marc Guberti
Copyright benzinga
Analysts are saying that AppLovin could hit $3,932 by 2030. Bullish on APP? Invest in AppLovin on SoFi with no commissions. If it’s your first time signing up for SoFi, you’ll receive up to $1,000 in stock when you first fund your account. Plus, get a 1% bonus if you transfer your investments and keep them there until December 31, 2025.
AppLovin Corp. (APP) is one of the top-performing stocks and one of the newest members of the S&P 500. The online advertiser’s Axon platform uses artificial intelligence (AI) to help businesses get better results from their ads, which has translated into substantial revenue and net income growth. The company has been a major beneficiary of a recovering ad market, but competitors may be closing in.
In this article, we’ll look at APP’s latest share price, Wall Street sentiment, multiyear price forecasts, and the key factors that are playing a critical role in the company’s path going forward.
Current Stock Overview
Market Cap: $220 billion
Trailing P/E Ratio: 88.39
Forward P/E Ratio: 47.62
1-Year Return: 415%
2025 YTD: 101%
AppLovin shares have doubled year-to-date and have soared 415% over the past year. The stock trades at about $650 per share as of September 2025. Although shares didn’t fare well during the tariff scare, they’ve almost tripled from April lows.
Axon is a key reason why AppLovin has outperformed. The AI-powered recommendation engine powers AppDiscover, which is a core piece of the company’s online advertising solutions. When you’re playing a mobile game or watching shows on an ad-supported streaming app, you may see an AppLovin ad.
The company has also benefited from an overall online ad recovery and has posted tremendous sales and profit growth. Revenue increased 77% year-over-year in Q2, while net income surged by 164%. Meta Platforms and Alphabet only reported year-over-year revenue growth rates of 22% and 14%, respectively, indicating that AppLovin is growing at a faster rate than major peers.
While AppLovin has an innovative online advertising model, competitors are catching up. Unity and IronSource have their own powerful online ad platforms, and they can gain meaningful ground, it may impact AppLovin’s growth rates.
APP has a consensus Buy rating from 23 analysts, according to Benzinga. The average price target is $466.23 per share, which suggests a meaningful downside from current levels. The highest price target is $740, and the lowest is $66. The three most recent ratings suggest a near-term average target of $681.33, suggesting a 4.10% upside.
Quick Snapshot Table of Predictions
The forecast range in this table is based on algorithmic projections provided by CoinCodex. These models use historical price trends, volatility patterns and moving averages to estimate future stock prices over multiple time horizons.
Bull & Bear Case
AppLovin has been a top-performing stock, but as competition steps up, there’s no guarantee its momentum will continue.
Axon has helped AppLovin post impressive revenue and net income growth from its online adsSales are growing at a faster rate than major peers like Meta and AlphabetThe recent September inclusion in the S&P 500 further validates AppLovin as a leading online ad platform
Unity and IronSource have entered the same online ad segment as AppLovin’s AxonA 415% rally over the past year may mean shares are due for a pullbackThe stock’s 1-year gain is higher than its year-over-year revenue growth rate
Stock Price Prediction for 2025
Forecast Range: $650.31 – $662.06
CoinCodex forecasts AppLovin reaching an average estimated value of $656.18 per share this year, implying a slight upside from the current price. The recent rally may prompt a brief breather, but Axon has been a tremendous resource for AppLovin that can elevate revenue and net income growth rates.
Stock Price Prediction for 2026
Forecast Range: $1,630.71 – $1,747.29
CoinCodex sees AppLovn reaching an average estimated value of $1,677.61 per share in 2026, suggesting that the stock will more than double in one year. These forecasts suggest Axon continues to deliver impressive growth rates and competitors don’t have much of an impact on market share.
Stock Price Prediction for 2030
Forecast Range: $3,860.26 – $3,932.83
CoinCodex projects an average price target of $3,860.26, which would result in AppLovin exceeding a $1 trillion market cap. It’s a substantial jump that comes to a 42.8% CAGR over the next five years.
AI-powered advertising solutions can continue to produce attractive results for business owners that prompt them to invest more money into AppLovin’s platform. However, any slowdown in sales, another online ad meltdown, or competitors like Unity and IronSource taking market share could dampen these forecasts.
Investment Considerations
AppLovin shares have soared past benchmark indexes as a top-performing stock and a recently added S&P 500 member. Rising revenue and profit margins bode well, as Axon continues to deliver exceptional AI-powered online advertising solutions.
Growth in mobile and CTV apps will help AppLovin tap into a larger market, but competitors are seeing the same opportunities. Investors should closely monitor Unity and IronSource as they try to take away market share.
Key risks: Overextended rally, rivals make big strides in the mobile and CTV advertising industry, and macroeconomic conditions slow down the ad market
AppLovin is a suitable investment for growth investors who are okay with taking risks and won’t sell their shares for a few years.
Frequently Asked Questions
