Wolfe Research raises AppLovin stock price target on strong Q1 results By Investing.com
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Wolfe Research raises AppLovin stock price target on strong Q1 results By Investing.com
"AppLovin delivered strong first-quarter 2026 results, with quarter-over-quarter revenue growth of 11% and year-over-year growth of 59%, coming in 5% ahead of guidance. The company's financial strength is reflected in its perfect Piotroski Score of 9 and impressive gross profit margin of 87.86%, according to InvestingPro data."
"Revenue per install grew 93% year-over-year, the highest reported year-over-year growth ever, while installs declined 18% year-over-year. International users accounted for 57% of AppLovin's first-quarter revenue growth, reflecting core mobile gaming momentum."
"AppLovin repurchased $1 billion in shares during the quarter, with $2.3 billion remaining under its current repurchase authorization. InvestingPro analysis indicates the stock is currently overvalued relative to its Fair Value, though the comprehensive Pro Research Report available for APP provides deeper insights into the company's long-term prospects."
AppLovin delivered strong first-quarter 2026 results with 11% quarter-over-quarter and 59% year-over-year revenue growth, exceeding guidance by 5%. The company maintains a perfect Piotroski Score of 9 and impressive 87.86% gross profit margin. With a $157.65 billion market cap and 0.4 PEG ratio, the stock trades at attractive valuation relative to growth. Revenue per install surged 93% year-over-year while installs declined 18%. International users drove 57% of revenue growth. AppLovin plans to open its self-serve platform in June and repurchased $1 billion in shares during the quarter with $2.3 billion remaining in authorization.
Read at Investing.com Australia
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