AppLovin Corp. (APP, Financial) has commissioned Quinn Emanuel Urquhart & Sullivan to investigate claims that it inflated ad performance metrics on its platform. This follows accusations by Muddy Waters, which led to a sharp 20% decline in AppLovin's stock. However, the announcement of the review triggered a 13% premarket share rebound. AppLovin has faced scrutiny from several short-seller reports recently, but it refutes these, asserting standard industry practice has been mischaracterized in the allegations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for AppLovin Corp (APP, Financial) is $521.32 with a high estimate of $650.00 and a low estimate of $200.00. The average target implies an upside of 87.22% from the current price of $278.45. More detailed estimate data can be found on the AppLovin Corp (APP) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, AppLovin Corp's (APP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AppLovin Corp (APP, Financial) in one year is $88.72, suggesting a downside of 68.14% from the current price of $278.4547. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AppLovin Corp (APP) Summary page.
