AppLovin: Morgan Stanley raises PT to $480, maintains Overweight rating
Morgan Stanley has revised its price target for AppLovin Corporation (NASDAQ: APP) to $480, maintaining an Overweight rating on the stock. The move comes following the company's recent earnings report, which demonstrated strong performance and growth prospects [3].
The earnings report revealed that AppLovin achieved $2.26 earnings per share, surpassing estimates, with revenue of $1.26 billion, indicating a year-over-year increase of 77.1% [3]. This robust financial performance has led several brokerages to raise their price targets and maintain positive ratings on the stock.
Morgan Stanley's new price target of $480 represents a potential upside of 10.89% from the stock's previous close. The brokerage currently has an Overweight rating on the stock, reflecting its optimistic outlook on the company's growth prospects [3].
In addition to Morgan Stanley, other brokerages have also recently weighed in on AppLovin. Piper Sandler boosted their price target on shares of AppLovin from $470.00 to $500.00 and gave the stock an Overweight rating [3]. Wells Fargo & Company increased their target price on AppLovin from $405.00 to $480.00 and gave the company an Overweight rating [3]. Jefferies Financial Group boosted their price objective on AppLovin from $460.00 to $530.00 and gave the company a Buy rating [3].
The consensus target price for AppLovin currently stands at $453.52, with a majority of analysts rating the stock as a Moderate Buy [3]. AppLovin's stock performance has been strong, with the company's stock trading up $42.30 during trading hours on Thursday, reaching $432.87 [3].
References:
[1] https://www.benzinga.com/analyst-stock-ratings/price-target/25/08/46973600/doordash-to-rally-around-30-here-are-10-top-analyst-forecasts-for-thursday
[2] https://seekingalpha.com/news/4481882-morgan-stanley-direct-lending-fund-nii-of-050-misses-by-001
[3] https://www.marketbeat.com/instant-alerts/applovin-nasdaqapp-given-new-48000-price-target-at-morgan-stanley-2025-08-07/
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