Raymond James Reiterates Buy Rating on AppLovin Corporation
Raymond James maintained its buy rating on AppLovin, setting a price target of $640, a 24.02% upside from the current price.
Key Points
- Raymond James reiterated a buy rating for AppLovin Corporation (APP) with a $640 price target on June 29, 2026.
- Raymond James's $640 price target implies 24.02% upside from AppLovin Corporation's ($APP) current $516.06 share price.
- Shares of AppLovin traded near $477.08 on Monday, with a market cap of $160.3 billion and a P/E ratio of 41.5.
- Other analysts also maintain buy ratings with varying targets, while insider selling was noted in recent weeks.
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On June 29, 2026, Raymond James reiterated its buy rating for AppLovin Corporation (NasdaqGS: APP) with a price target of $640. Analyst Andrew Marok's endorsement comes as the stock traded near $477.08 on Monday.
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Analysts Set New Price Targets
Raymond James maintained its buy rating with a $640 price target on June 29, 2026. Other analysts have also shown confidence in AppLovin. Macquarie and UBS maintained their buy ratings with targets of $730 and $750, respectively, on May 7, 2026. JP Morgan maintained a hold rating with a $515 target on the same date.
AppLovin Corporation Stock Up 62.4%
Shares of NasdaqGS:APP traded near $477.08 on Monday. AppLovin has a market cap of about $160.3 billion, with a P/E ratio of 41.5 and a forward P/E of 21.8. The stock's beta is 2.455, reflecting its volatility compared to the market. Its 52-week range is between $325.58 and $745.61. The company's 50-day and 200-day moving averages are $496.68 and $540.95, respectively.
$APP price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at AppLovin Corporation
Recent insider activity at AppLovin includes several sales. On June 16, 2026, Eduardo Vivas sold 163,910 shares at an average price of $504.06 as part of a planned sale. CEO Adam Arash Foroughi sold shares on multiple days in June, including 41,667 shares at $489.03 on June 12 and 41,666 shares at $484.75 on June 11. Victoria Valenzuela, Chief Administrative and Legal Officer, sold 20,000 shares at $565.89 on June 4.
About AppLovin Corporation
AppLovin Corporation, headquartered in Palo Alto, California, provides AI-powered advertising solutions globally, focusing on mobile app developers. The company, led by CEO Adam Arash Foroughi, offers services like the Axon Ads Manager and MAX bidding technology to optimize ad inventory. With 876 employees, AppLovin supports a diverse client base, including small businesses and large enterprises.
Bottom Line
Raymond James's reiteration of a buy rating for AppLovin highlights continued analyst confidence in the company's growth prospects. The stock's performance, with a P/E ratio of 41.5 and a market cap of $160.3 billion, shows strong investor interest. However, the insider selling activity might be something investors keep an eye on. As always, it's crucial to remember that these ratings are based on past performance and projections, which may not reflect future results.
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