Citi keeps Buy rating on AppLovin stock at USD 600 target

Published on 10/07/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income reached USD 1.27 billion in the second quarter. AppLovin stock trades at EUR 242.53 on October 7, 2026, versus EUR 247.58.

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AppLovin Corp. (ISIN US03831W1080) was trading at EUR 242.53 at Lang & Schwarz on October 7, 2026 at 4:02 p.m. CEST, down 2.04 percent versus the prior close of EUR 247.58. On October 5, 2026, Citi analyst Jason Bazinet maintained a Buy rating and set a USD 600.00 price target, according to Markets Insider.

Analyst target stays above the price

The USD 600.00 target is a market view in AppLovin's original quotation currency, not a replacement for the euro reference price used here. The target lies 147.55 percent above the Lang & Schwarz price, calculated against EUR 242.53 only after keeping the currencies separate is avoided; the comparison is therefore not used as a cross-currency return calculation.

Markets Insider also reported that Piper Sandler reiterated a Hold rating on October 2, 2026, with a USD 325.00 target. That contrast puts the published analyst range at USD 325.00 to USD 600.00 and highlights the market's differing view of AppLovin's advertising growth.

Second-quarter growth remains substantial

AppLovin reported USD 1.92 billion in revenue for the second quarter of 2026, up 52.80 percent from USD 1.26 billion in the year-earlier quarter. Net income reached USD 1.27 billion, compared with USD 819.53 million a year earlier, while diluted earnings per share rose to USD 3.76 from USD 2.39, according to Ticker Scout.

The same filing-based review shows adjusted EBITDA of USD 1.61 billion in the second quarter, up 58.50 percent year over year. Operating income was USD 1.49 billion, giving the results a profitability profile that remains central to the analyst debate.

Next results date is November 11

AppLovin is scheduled to release its next earnings report on November 11, 2026, according to Investing.com. That report will give investors a fresh test of the advertising platform's growth after the second-quarter revenue comparison of 52.80 percent.

Stock trades below its prior close

AppLovin's market capitalization was USD 91.3 billion as of October 7, 2026, while the Nasdaq-listed company had a 52-week range of USD 266.84 to USD 738.01. The euro quote stood below the prior Lang & Schwarz close as the October 7 session progressed.

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